Brokers Issue Forecasts for Alaris Royalty Corp.’s FY2016 Earnings (AD)
Alaris Royalty Corp. (TSE:AD) – Equities research analysts at Cormark lowered their FY2016 EPS estimates for Alaris Royalty Corp. in a research report issued to clients and investors on Tuesday. Cormark analyst G. Fairweather now expects that the firm will earn $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.
Several other research firms also recently commented on AD. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$31.00 price objective on shares of Alaris Royalty Corp. in a report on Wednesday, June 29th. Scotiabank reiterated an “outperform” rating and issued a C$37.00 price objective on shares of Alaris Royalty Corp. in a report on Wednesday, July 27th. Raymond James Financial Inc. decreased their price objective on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a report on Thursday, July 28th. RBC Capital Markets decreased their price objective on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a report on Thursday, July 28th. Finally, AltaCorp Capital cut shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.75 on Wednesday. Alaris Royalty Corp. has a 12 month low of $21.00 and a 12 month high of $31.20. The firm has a market cap of $790.31 million and a PE ratio of 14.41. The company’s 50 day moving average is $22.50 and its 200-day moving average is $27.00.
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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