Desjardins Forecasts Strong Price Appreciation for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target hoisted by Desjardins from C$27.50 to C$28.00 in a report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 19.91% from the company’s current price.

Other equities analysts have also issued reports about the stock. National Bank Financial lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Wednesday. ATB Cormark Capital Markets lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Canaccord Genuity Group boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average target price of C$27.72.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 0.3%

Shares of AD.UN opened at C$23.35 on Wednesday. Alaris Equity Partners Income Trust has a 52 week low of C$17.92 and a 52 week high of C$26.31. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.80 and a beta of 1.14. The stock’s 50-day moving average price is C$24.36 and its 200-day moving average price is C$23.38.

About Alaris Equity Partners Income Trust (AD.UN)

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.