ATB Cormark Capital Markets Has Lowered Expectations for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective reduced by analysts at ATB Cormark Capital Markets from C$28.50 to C$28.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price points to a potential upside of 29.99% from the company’s current price.

A number of other research firms have also recently commented on AD.UN. Desjardins lowered their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Canaccord Genuity Group boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a “buy” rating in a report on Wednesday, September 30th. National Bank Financial lowered their price target on Alaris Equity Partners Income Trust (AD.UN) from C$31.50 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Raymond James Financial dropped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$27.19.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.2%

Shares of AD.UN stock traded up C$0.26 during trading hours on Thursday, reaching C$21.54. 223,394 shares of the company’s stock were exchanged, compared to its average volume of 87,815. Alaris Equity Partners Income Trust has a 1 year low of C$18.85 and a 1 year high of C$26.31. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The stock has a market cap of C$1.09 billion, a PE ratio of 6.57, a PEG ratio of 0.80 and a beta of 0.98. The stock’s fifty day moving average price is C$23.39 and its two-hundred day moving average price is C$23.13.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.