Alaris Royalty Corp. Expected to Earn FY2016 Earnings of $1.67 Per Share (AD)
Alaris Royalty Corp. (TSE:AD) – National Bank Financial lowered their FY2016 EPS estimates for Alaris Royalty Corp. in a report issued on Thursday. National Bank Financial analyst T. Johnson now expects that the brokerage will post earnings of $1.67 per share for the year, down from their previous forecast of $1.72. National Bank Financial also issued estimates for Alaris Royalty Corp.’s FY2017 earnings at $1.57 EPS.
A number of other brokerages have also recently issued reports on AD. Royal Bank Of Canada upgraded shares of Alaris Royalty Corp. from a “sector perform” rating to an “outperform” rating and set a C$24.00 price target for the company in a report on Thursday. Canaccord Genuity decreased their price target on shares of Alaris Royalty Corp. from C$26.50 to C$24.50 and set a “buy” rating for the company in a report on Thursday. Acumen Capital decreased their price target on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a report on Tuesday, October 4th. AltaCorp Capital cut shares of Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Finally, Scotiabank restated an “outperform” rating and set a C$37.00 price target on shares of Alaris Royalty Corp. in a report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Alaris Royalty Corp. currently has a consensus rating of “Buy” and an average price target of C$28.36.
Alaris Royalty Corp. (TSE:AD) opened at 19.51 on Monday. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $31.20. The firm has a 50-day moving average price of $20.90 and a 200-day moving average price of $25.43. The firm has a market capitalization of $708.92 million and a P/E 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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