Raymond James Financial Weighs in on Alaris Royalty Corp.’s FY2016 Earnings (AD)
Alaris Royalty Corp. (TSE:AD) – Research analysts at Raymond James Financial boosted their FY2016 earnings estimates for Alaris Royalty Corp. in a research report issued to clients and investors on Tuesday. Raymond James Financial analyst M. Overvelde now anticipates that the firm will earn $1.70 per share for the year, up from their previous estimate of $1.69. Raymond James Financial also issued estimates for Alaris Royalty Corp.’s Q4 2017 earnings at ($0.13) EPS and FY2017 earnings at $1.08 EPS.
Several other research firms also recently commented on AD. RBC Capital Markets lowered their price objective 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 set a C$33.00 price objective on shares of Alaris Royalty Corp. in a research note on Wednesday, October 12th. Canaccord Genuity upgraded shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$28.00 to C$26.50 in a research note on Tuesday, October 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a C$25.00 price objective on shares of Alaris Royalty Corp. in a research note on Wednesday, October 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$28.36.
Alaris Royalty Corp. (TSE:AD) traded up 1.47% during midday trading on Thursday, hitting $20.04. The stock had a trading volume of 38,677 shares. 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 of $20.66 and a 200 day moving average of $25.15. The firm has a market capitalization of $728.73 million and a P/E ratio of 11.21.
Alaris Royalty Corp. Company Profile
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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