Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$27.53.

Several analysts have weighed in on AD.UN shares. Canaccord Genuity Group boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. Desjardins lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a “buy” rating in a research report on Friday, August 7th. National Bank Financial boosted 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 research note on Friday, July 17th. Finally, ATB Cormark Capital Markets increased their price objective 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 report on Wednesday, July 22nd.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.6%

TSE AD.UN opened at C$23.53 on Friday. The stock has a fifty day moving average of C$24.65 and a 200-day moving average of C$23.24. The stock has a market capitalization of C$1.07 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. 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 debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last issued 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%. On average, equities research 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’ 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.