Alaris Royalty (TSE:AD) had its target price lowered by Cormark from C$24.00 to C$11.50 in a research note issued to investors on Monday morning, BayStreet.CA reports. Cormark also issued estimates for Alaris Royalty’s FY2020 earnings at $1.36 EPS and FY2021 earnings at $1.98 EPS.
AD has been the topic of several other reports. Scotiabank raised their price objective on shares of Alaris Royalty from C$20.00 to C$21.00 in a research report on Wednesday, January 8th. National Bank Financial lowered their price objective on shares of Alaris Royalty from C$18.00 to C$8.00 and set a sector perform rating on the stock in a research report on Friday, March 20th. Finally, CIBC downgraded shares of Alaris Royalty from an outperform rating to a neutral rating and lowered their price objective for the stock from C$25.00 to C$21.50 in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of C$18.71.
Shares of Alaris Royalty stock opened at C$8.57 on Monday. Alaris Royalty has a 1 year low of C$5.83 and a 1 year high of C$23.34. The company has a debt-to-equity ratio of 62.37, a quick ratio of 0.34 and a current ratio of 1.87. The company has a market capitalization of $228.84 million and a P/E ratio of 8.74. The company’s fifty day moving average is C$16.93 and its two-hundred day moving average is C$20.06.
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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