Alaris Royalty (TSE:AD) Price Target Cut to C$11.50 by Analysts at Cormark

Alaris Royalty (TSE:AD) had its price target reduced by Cormark from C$24.00 to C$11.50 in a research report sent to investors on Monday, BayStreet.CA reports. Cormark also issued estimates for Alaris Royalty’s FY2020 earnings at $1.36 EPS and FY2021 earnings at $1.98 EPS.

A number of other equities research analysts also recently commented on AD. Scotiabank lifted their price target on shares of Alaris Royalty from C$20.00 to C$21.00 in a report on Wednesday, January 8th. National Bank Financial lowered their price target on shares of Alaris Royalty from C$18.00 to C$8.00 and set a sector perform rating for the company in a report on Friday, March 20th. Finally, CIBC downgraded shares of Alaris Royalty from an outperform rating to a neutral rating and lowered their price target for the stock from C$25.00 to C$21.50 in a report on Tuesday, March 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of C$18.71.

Shares of TSE AD opened at C$8.57 on Monday. The company has a market cap of $228.84 million and a PE ratio of 8.74. Alaris Royalty has a 12 month low of C$5.83 and a 12 month high of C$23.34. The company has a debt-to-equity ratio of 62.37, a current ratio of 1.87 and a quick ratio of 0.34. The company has a 50-day simple moving average of C$16.93 and a 200-day simple moving average of C$20.06.

The business also recently announced a monthly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 28th were issued a $0.138 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 19.32%. This is an increase from Alaris Royalty’s previous monthly dividend of $0.14. The ex-dividend date was Thursday, February 27th. Alaris Royalty’s payout ratio is presently 168.37%.

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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Analyst Recommendations for Alaris Royalty (TSE:AD)

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