Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Gets Price Target Reduction from Desjardins

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target cut by Desjardins from C$27.50 to C$27.00 in a research report sent to investors on Wednesday,BayStreet reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. National Bank Financial increased their price target on 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, September 30th. Stifel Nicolaus upped their target price 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 report on Wednesday, September 30th. Finally, 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 stock an “outperform” rating in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.19.

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

AD.UN stock traded up C$0.26 on Wednesday, reaching C$21.54. 223,394 shares of the company’s stock were exchanged, compared to its average volume of 87,815. The stock has a fifty day moving average of C$23.39 and a 200-day moving average of C$23.13. 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 cap of C$1.09 billion, a PE ratio of 6.57, a P/E/G ratio of 0.80 and a beta of 0.98. Alaris Equity Partners Income Trust has a twelve month low of C$18.85 and a twelve month high of C$26.31.

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.