Canadian Imperial Bank of Commerce Reiterates “C$25.00” Price Target for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)

Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, Royal Bank Of Canada lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.50.

Alaris Equity Partners Income Trust (AD.UN) Stock Performance

Shares of Alaris Equity Partners Income Trust (AD.UN) stock opened at C$20.94 on Monday. The business has a 50-day simple moving average of C$21.68 and a 200-day simple moving average of C$20.37. 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 one year low of C$16.58 and a one year high of C$22.79. The company has a market cap of C$949.40 million, a PE ratio of 11.97, a P/E/G ratio of 0.80 and a beta of 1.23.

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

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.