Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives C$26.21 Average PT from Brokerages

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$27.11.

AD.UN has been the subject of a number of analyst reports. Acumen Capital increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a research note on Monday, April 6th. Desjardins upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.50 to C$27.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. ATB Cormark Capital Markets raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, National Bank Financial raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, July 17th.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 1.2%

TSE AD.UN opened at C$24.76 on Friday. The firm has a market cap of C$1.13 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. Alaris Equity Partners Income Trust has a 1-year low of C$17.80 and a 1-year high of C$25.48. The stock has a 50-day moving average of C$23.98 and a 200-day moving average of C$22.56. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$37.37 million for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%. As a group, sell-side analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current year.

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

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.