Alaris Royalty Corp. (TSE:AD) – Research analysts at Cormark lowered their FY2017 earnings estimates for Alaris Royalty Corp. in a research report issued to clients and investors on Thursday. Cormark analyst G. Fairweather now anticipates that the brokerage will post earnings per share of $1.61 for the year, down from their prior forecast of $1.62.

A number of other research analysts have also weighed in on the company. CIBC lowered Alaris Royalty Corp. from an “outperform” rating to a “neutral” rating in a report on Friday. Royal Bank Of Canada lowered Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating and set a C$24.00 price objective on the stock. in a report on Friday. Acumen Capital set a C$26.50 target price on Alaris Royalty Corp. in a research note on Thursday. Raymond James Financial, Inc. downgraded Alaris Royalty Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, December 12th. Finally, Desjardins reaffirmed a “buy” rating and issued a C$27.00 target price on shares of Alaris Royalty Corp. in a research note on Wednesday, December 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Alaris Royalty Corp. has an average rating of “Hold” and an average target price of C$26.50.

Earnings History and Estimates for Alaris Royalty Corp. (TSE:AD)

WARNING: “FY2017 Earnings Estimate for Alaris Royalty Corp. Issued By Cormark (AD)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this report can be accessed at http://www.watchlistnews.com/fy2017-earnings-estimate-for-alaris-royalty-corp-issued-by-cormark-ad/1061572.html.

Shares of Alaris Royalty Corp. (TSE:AD) traded down 3.58% during mid-day trading on Friday, hitting $22.63. 332,868 shares of the stock were exchanged. Alaris Royalty Corp. has a 12 month low of $17.80 and a 12 month high of $31.20. The stock has a market cap of $822.28 million and a price-to-earnings ratio of 12.66. The company has a 50-day moving average price of $22.94 and a 200-day moving average price of $23.53.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 16th. Investors of record on Monday, January 16th will be given a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.28%. This is an increase from Alaris Royalty Corp.’s previous monthly dividend of $0.15. The ex-dividend date is Thursday, December 22nd.

WARNING: “FY2017 Earnings Estimate for Alaris Royalty Corp. Issued By Cormark (AD)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this report can be accessed at http://www.watchlistnews.com/fy2017-earnings-estimate-for-alaris-royalty-corp-issued-by-cormark-ad/1061572.html.

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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