Alaris Royalty Corp. to Post FY2017 Earnings of $1.62 Per Share, Cormark Forecasts (AD)
Alaris Royalty Corp. (TSE:AD) – Analysts at Cormark reduced their FY2017 earnings estimates for shares of Alaris Royalty Corp. in a research note issued to investors on Thursday. Cormark analyst G. Fairweather now forecasts that the brokerage will post earnings per share of $1.62 for the year, down from their previous estimate of $1.88.
Other research analysts have also issued reports about the company. Royal Bank Of Canada decreased their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. RBC Capital Markets decreased their price objective on Alaris Royalty Corp. from C$31.00 to C$28.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. decreased their price objective on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Acumen Capital decreased their price objective on 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, October 4th. Finally, Canaccord Genuity upgraded Alaris Royalty Corp. from a “hold” rating to a “buy” rating and decreased their price objective for the company from C$28.00 to C$26.50 in a research report on Tuesday, October 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$28.36.
Shares of Alaris Royalty Corp. (TSE:AD) traded down 4.32% during midday trading on Friday, hitting $19.51. The stock had a trading volume of 157,271 shares. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $31.20. The stock has a 50 day moving average price of $20.90 and a 200-day moving average price of $25.43. The stock has a market capitalization of $708.92 million and a price-to-earnings ratio of 12.93.
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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