Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Gets Price Target Cut from National Bank Financial

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target cut by stock analysts at National Bank Financial from C$31.50 to C$30.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price target suggests a potential upside of 40.58% from the stock’s current price.

A number of other equities analysts also recently commented on AD.UN. Stifel Nicolaus increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. ATB Cormark Capital Markets upped their target price on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Canaccord Genuity Group increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Desjardins decreased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a “buy” rating for the company in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$27.19.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 3.1%

Alaris Equity Partners Income Trust (AD.UN) stock traded down C$0.69 during mid-day trading on Thursday, reaching C$21.34. The company’s stock had a trading volume of 243,225 shares, compared to its average volume of 86,928. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. Alaris Equity Partners Income Trust has a 12 month low of C$18.85 and a 12 month high of C$26.31. The business’s 50 day simple moving average is C$23.50 and its 200 day simple moving average is C$23.13. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.80 and a beta of 1.10.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.