Alaris Royalty Corp. (TSE:AD) – Analysts at Cormark decreased their FY2016 EPS estimates for Alaris Royalty Corp. in a research note issued on Tuesday. Cormark analyst G. Fairweather now expects that the firm will post earnings of $1.46 per share for the year, down from their previous estimate of $1.72. Cormark also issued estimates for Alaris Royalty Corp.’s FY2017 earnings at $1.88 EPS.
A number of other equities analysts have also commented on AD. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$31.00 price target on shares of Alaris Royalty Corp. in a report on Wednesday, June 29th. Scotiabank reiterated an “outperform” rating and set a C$37.00 price target on shares of Alaris Royalty Corp. in a report on Wednesday, July 27th. Raymond James Financial Inc. cut their price target on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. RBC Capital Markets cut their price target on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Finally, AltaCorp Capital lowered shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Alaris Royalty Corp. has an average rating of “Buy” and a consensus target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) opened at 21.61 on Wednesday. The firm’s 50-day moving average price is $22.55 and its 200-day moving average price is $27.03. The company has a market cap of $785.22 million and a PE ratio of 14.32. Alaris Royalty Corp. has a 12-month low of $21.00 and a 12-month high of $31.20.
About Alaris Royalty Corp.
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
Receive News & Ratings for Alaris Royalty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaris Royalty Corp. and related companies with MarketBeat.com's FREE daily email newsletter.