Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Cut to C$30.00 by Analysts at National Bank Financial

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

AD.UN has been the subject of a number of other reports. ATB Cormark Capital Markets increased 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 research note on Wednesday, July 22nd. Canaccord Genuity Group lifted their price target on shares of 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 note on Wednesday, September 30th. Stifel Nicolaus upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, Desjardins lowered their price objective on shares of 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 report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on 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%

Shares of TSE AD.UN traded down C$0.69 during mid-day trading on Thursday, reaching C$21.34. 243,225 shares of the company’s stock were exchanged, compared to its average volume of 86,928. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.80 and a beta of 1.10. 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 business has a fifty day simple moving average of C$23.50 and a 200 day simple moving average of C$23.13. Alaris Equity Partners Income Trust has a twelve month low of C$18.85 and a twelve month high of C$26.31.

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.