Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Target Raised at Stifel Nicolaus

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective boosted by investment analysts at Stifel Nicolaus from C$26.00 to C$27.00 in a research note issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 15.63% from the company’s previous close.

AD.UN has been the subject of a number of other reports. National Bank Financial upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a research note on Wednesday. Desjardins increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a “buy” rating in a report on Friday, August 7th. ATB Cormark Capital Markets raised 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 research note on Wednesday, July 22nd. Finally, Canaccord Genuity Group boosted their target price 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, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and an average target price of C$27.72.

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

Shares of AD.UN opened at C$23.35 on Wednesday. The firm has a 50-day moving average price of C$24.36 and a 200 day moving average price of C$23.38. The firm has a market capitalization of C$1.07 billion, a PE ratio of 7.12, a P/E/G ratio of 0.80 and a beta of 1.14. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. Alaris Equity Partners Income Trust has a 52-week low of C$17.92 and a 52-week 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.