Brokers Issue Forecasts for Alaris Royalty Corp.’s Q3 2016 Earnings (AD)
Alaris Royalty Corp. (TSE:AD) – Equities researchers at Haywood Securities decreased their Q3 2016 earnings per share (EPS) estimates for shares of Alaris Royalty Corp. in a research note issued to investors on Monday. Haywood Securities analyst J. Reid now anticipates that the brokerage will earn $0.49 per share for the quarter, down from their prior forecast of $0.51. Haywood Securities also issued estimates for Alaris Royalty Corp.’s Q4 2016 earnings at $0.46 EPS and FY2016 earnings at $1.94 EPS.
AD has been the subject of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$25.00 target price on shares of Alaris Royalty Corp. in a report on Tuesday. RBC Capital Markets reduced their price target on shares of Alaris Royalty Corp. from C$28.00 to C$25.00 and set a “sector perform” rating for the company in a research note on Friday, August 19th. Scotiabank reiterated an “outperform” rating and issued a C$33.00 price target on shares of Alaris Royalty Corp. in a research note on Tuesday. Raymond James Financial Inc. reduced their price target on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Finally, Canaccord Genuity upgraded shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$28.00 to C$26.50 in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alaris Royalty Corp. currently has an average rating of “Buy” and a consensus target price of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.61 on Wednesday. Alaris Royalty Corp. has a 1-year low of $21.00 and a 1-year high of $31.20. The stock has a market capitalization of $785.22 million and a PE ratio of 14.32. The firm has a 50-day moving average of $22.55 and a 200 day moving average of $27.03.
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.
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