Alaris Royalty (TSE:AD) had its target price upped by Raymond James from C$19.50 to C$20.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James also issued estimates for Alaris Royalty’s FY2020 earnings at $1.94 EPS.
A number of other brokerages also recently commented on AD. Desjardins boosted their price objective on shares of Alaris Royalty from C$22.00 to C$22.50 in a research note on Thursday, June 13th. Cormark reduced their price objective on shares of Canopy Growth from C$70.00 to C$65.00 in a research note on Monday, June 24th. National Bank Financial reduced their price objective on shares of Roots from C$5.50 to C$5.00 and set an outperform rating for the company in a research note on Thursday, June 13th. Royal Bank of Canada downgraded shares of Zayo Group from an outperform rating to a sector perform rating and boosted their price objective for the stock from $33.00 to $35.00 in a research note on Wednesday, May 8th. Finally, CIBC raised shares of Alaris Royalty to a buy rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$21.92.
Shares of Alaris Royalty stock traded up C$0.19 on Thursday, hitting C$21.21. 156,229 shares of the company traded hands, compared to its average volume of 174,234. The company has a 50 day moving average of C$19.50. The company has a debt-to-equity ratio of 36.91, a quick ratio of 1.86 and a current ratio of 3.84. Alaris Royalty has a 52 week low of C$16.27 and a 52 week high of C$21.41. The stock has a market cap of $763.86 million and a P/E ratio of 10.35.
Alaris Royalty (TSE:AD) last posted its quarterly earnings results on Monday, May 6th. The company reported C$0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.41 by C$0.01. The company had revenue of C$27.66 million for the quarter, compared to the consensus estimate of C$27.20 million. On average, analysts forecast that Alaris Royalty will post 1.8091056 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be paid a $0.1375 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Tuesday, July 30th. Alaris Royalty’s dividend payout ratio (DPR) is 80.00%.
In other news, Senior Officer Curtis James Krawetz sold 6,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$18.61, for a total transaction of C$111,660.00. Following the sale, the insider now directly owns 36,721 shares of the company’s stock, valued at C$683,377.81. Also, Director Gary Patterson sold 3,000 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 28,337 shares in the company, valued at C$537,836.26. Insiders sold 11,500 shares of company stock valued at $215,125 in the last three months.
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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