Alaris Royalty (TSE:AD) received a C$18.50 price objective from investment analysts at Raymond James in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price target suggests a potential downside of 1.75% from the company’s current price. Raymond James also issued estimates for Alaris Royalty’s FY2019 earnings at $1.85 EPS and FY2020 earnings at $1.98 EPS.

Several other equities analysts have also issued reports on the stock. National Bank Financial lowered shares of Alaris Royalty from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$21.50 to C$18.00 in a report on Wednesday, April 17th. Cormark boosted their target price on shares of Alaris Royalty from C$21.50 to C$22.00 in a report on Thursday, March 7th. CIBC boosted their target price on shares of Alaris Royalty from C$19.00 to C$22.00 in a report on Thursday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a C$24.00 target price on shares of Alaris Royalty in a report on Monday, March 4th.

Shares of TSE:AD opened at C$18.83 on Thursday. The firm has a market cap of $680.29 million and a PE ratio of 9.19. The company has a current ratio of 3.84, a quick ratio of 1.86 and a debt-to-equity ratio of 36.91. Alaris Royalty has a 52 week low of C$15.38 and a 52 week high of C$21.41.

Alaris Royalty (TSE:AD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.09. The business had revenue of C$25.31 million for the quarter, compared to analyst estimates of C$25.20 million. Equities analysts anticipate that Alaris Royalty will post 1.78000015784189 earnings per share for the current year.

In other news, Director Jack Chuck Lee sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$18.61, for a total transaction of C$46,525.00. Following the transaction, the director now owns 219,087 shares in the company, valued at C$4,077,209.07. Also, Director Gary Patterson sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$18.98, for a total transaction of C$56,940.00. Following the transaction, the director now owns 28,337 shares in the company, valued at approximately C$537,836.26. In the last 90 days, insiders sold 11,500 shares of company stock worth $215,125.

Alaris Royalty Company Profile

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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