Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Expected to Rise, National Bank Financial Analyst Says

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target raised by analysts at National Bank Financial from C$30.50 to C$31.50 in a research report issued to clients and investors on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 34.90% from the stock’s current price.

Several other research analysts have also weighed in on the company. Desjardins lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Canaccord Genuity Group increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and an average price target of C$27.72.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.3%

Shares of AD.UN stock opened at C$23.35 on Wednesday. The stock has a 50-day moving average of C$24.36 and a 200-day moving average of C$23.38. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.80 and a beta of 1.14. Alaris Equity Partners Income Trust has a 1-year low of C$17.92 and a 1-year high of C$26.31.

About Alaris Equity Partners Income Trust (AD.UN)

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.