Alaris Royalty (AD) Price Target Cut to C$18.00 by Analysts at Raymond James

Alaris Royalty (TSE:AD) had its target price lowered by analysts at Raymond James from C$20.50 to C$18.00 in a report issued on Monday, BayStreet.CA reports. Raymond James’ target price suggests a potential downside of 0.66% from the company’s previous close. Raymond James also issued estimates for Alaris Royalty’s FY2019 earnings at $1.80 EPS and FY2020 earnings at $1.91 EPS.

AD has been the subject of a number of other reports. National Bank Financial increased their target price on Alaris Royalty from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Cormark increased their target price on Alaris Royalty from C$21.50 to C$22.00 in a research report on Thursday, March 7th. CIBC increased their target price on Alaris Royalty from C$19.00 to C$22.00 in a research report on Thursday, March 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a C$24.00 target price on shares of Alaris Royalty in a research report on Monday, March 4th.

TSE AD opened at C$18.12 on Monday. The company has a quick ratio of 2.48, a current ratio of 4.74 and a debt-to-equity ratio of 35.87. The company has a market cap of $660.94 million and a PE ratio of 10.98. Alaris Royalty has a one year low of C$15.30 and a one year high of C$21.41.

Alaris Royalty (TSE:AD) last posted its earnings results on Tuesday, March 5th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.09. The firm had revenue of C$25.31 million for the quarter, compared to the consensus estimate of C$25.20 million. On average, sell-side analysts expect that Alaris Royalty will post 1.84000018871797 EPS for the current year.

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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