Desjardins Boosts Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$27.50

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price boosted by equities researchers at Desjardins from C$27.00 to C$27.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 7.80% from the company’s current price.

Other analysts also recently issued reports about the company. Raymond James Financial upped their price objective on 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 note on Friday, May 8th. ATB Cormark Capital Markets boosted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, National Bank Financial upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and a consensus target price of C$27.18.

Alaris Equity Partners Income Trust (AD.UN) Stock Performance

TSE:AD.UN traded up C$0.69 during trading hours on Friday, reaching C$25.51. 229,838 shares of the company’s stock were exchanged, compared to its average volume of 78,542. Alaris Equity Partners Income Trust has a 1-year low of C$17.80 and a 1-year high of C$26.15. 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 firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 0.80 and a beta of 1.21. The company has a 50-day moving average of C$24.28 and a 200 day moving average of C$22.81.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its earnings results on Wednesday, May 6th. The company reported C$0.81 EPS for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. The business had revenue of C$37.37 million during the quarter. Research analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current year.

About Alaris Equity Partners Income Trust (AD.UN)

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.