Alaris Royalty Corp. (TSE:AD) – Analysts at Cormark increased their FY2017 EPS estimates for Alaris Royalty Corp. in a research note issued to investors on Wednesday. Cormark analyst G. Fairweather now expects that the company will post earnings of $2.15 per share for the year, up from their previous forecast of $1.62.
AD has been the topic of a number of other reports. Scotiabank increased their price target on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. National Bank Financial increased their price target on Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. cut their price target on Alaris Royalty Corp. from C$23.00 to C$20.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, CIBC increased their price target on Alaris Royalty Corp. from C$20.00 to C$23.00 in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$24.00.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/12/alaris-royalty-corp-forecasted-to-earn-fy2017-earnings-of-2-15-per-share-ad.html.
Alaris Royalty Corp. (TSE:AD) opened at C$18.34 on Friday. Alaris Royalty Corp. has a twelve month low of C$18.20 and a twelve month high of C$24.39.
In other news, insider Darren John Driscoll bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of C$18.82 per share, for a total transaction of C$28,230.00. Also, Director Stephen Walter King bought 1,400 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of C$18.89 per share, for a total transaction of C$26,446.00.
About Alaris Royalty Corp.
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
Receive News & Ratings for Alaris Royalty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaris Royalty Corp. and related companies with MarketBeat.com's FREE daily email newsletter.