Haywood Securities Comments on Alaris Royalty Corp.’s FY2017 Earnings (AD)
Alaris Royalty Corp. (TSE:AD) – Equities research analysts at Haywood Securities reduced their FY2017 earnings per share estimates for shares of Alaris Royalty Corp. in a report issued on Monday. Haywood Securities analyst J. Reid now expects that the brokerage will post earnings of $1.80 per share for the year, down from their prior estimate of $2.13.
Several other research analysts have also recently weighed in on AD. Raymond James Financial Inc. reduced their price target on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. Canaccord Genuity raised shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$28.00 to C$26.50 in a research report on Tuesday. Acumen Capital cut their price objective on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating on the stock in a research report on Tuesday. AltaCorp Capital lowered shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Finally, Scotiabank reissued an “outperform” rating and issued a C$37.00 price objective on shares of Alaris Royalty Corp. in a research report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Alaris Royalty Corp. presently has an average rating of “Buy” and an average target price of C$29.56.
Alaris Royalty Corp. (TSE:AD) traded up 0.23% during mid-day trading on Thursday, reaching $21.66. 77,157 shares of the company’s stock traded hands. The firm has a market cap of $787.04 million and a PE ratio of 14.35. The firm has a 50 day moving average of $22.55 and a 200 day moving average of $27.03. Alaris Royalty Corp. has a 1-year low of $21.00 and a 1-year 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.
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