Alaris Royalty (TSE:AD) had its price target increased by Desjardins from C$22.00 to C$22.50 in a report issued on Thursday, BayStreet.CA reports.

Several other brokerages have also issued reports on AD. National Bank Financial increased their price target on shares of Alaris Royalty from C$21.00 to C$21.50 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Raymond James reiterated a market perform rating and issued a C$19.00 price target on shares of Alaris Royalty in a research note on Wednesday, March 6th. CIBC increased their price target on shares of Alaris Royalty from C$19.00 to C$22.00 in a research note on Thursday, March 7th. Cormark increased their price target on shares of Alaris Royalty from C$21.50 to C$22.00 in a research note on Thursday, March 7th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a C$24.00 price target on shares of Alaris Royalty in a research note on Monday, March 4th.

Shares of Alaris Royalty stock opened at C$19.34 on Thursday. The company has a debt-to-equity ratio of 36.91, a current ratio of 3.84 and a quick ratio of 1.86. The stock has a market capitalization of $705.83 million and a P/E ratio of 9.43. Alaris Royalty has a 1 year low of C$15.62 and a 1 year high of C$21.41.

Alaris Royalty (TSE:AD) last issued its quarterly earnings results on Monday, May 6th. The company reported C$0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.41 by C$0.01. The business had revenue of C$27.66 million during the quarter, compared to the consensus estimate of C$27.20 million. Equities research analysts expect that Alaris Royalty will post 1.7499999 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.65 dividend on an annualized basis and a yield of 8.53%. Alaris Royalty’s dividend payout ratio is currently 80.49%.

In other Alaris Royalty news, Director Gary Patterson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$18.98, for a total transaction of C$56,940.00. Following the completion of the sale, the director now directly owns 28,337 shares in the company, valued at approximately C$537,836.26. Also, Senior Officer Curtis James Krawetz sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$18.61, for a total transaction of C$111,660.00. Following the sale, the insider now owns 36,721 shares of the company’s stock, valued at C$683,377.81. Over the last 90 days, insiders have sold 11,500 shares of company stock valued at $215,125.

About Alaris Royalty

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.

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