Brokers Issue Forecasts for Alaris Royalty Corp.’s FY2016 Earnings (AD)

Alaris Royalty Corp. (TSE:AD) – Cormark reduced their FY2016 earnings estimates for Alaris Royalty Corp. in a research note issued on Tuesday. Cormark analyst G. Fairweather now expects that the firm will earn $1.46 per share for the year, down from their previous forecast of $1.72. Cormark also issued estimates for Alaris Royalty Corp.’s FY2017 earnings at $1.88 EPS.

AD has been the subject of a number of other research reports. Raymond James Financial Inc. reduced their price target on Alaris Royalty Corp. from C$31.00 to C$30.00 in a research report on Thursday, July 28th. Canaccord Genuity upgraded Alaris Royalty Corp. from a “hold” rating to a “buy” rating and cut their target price for the stock from C$28.00 to C$26.50 in a research report on Tuesday. Acumen Capital cut their target price on Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating for the company in a research report on Tuesday. AltaCorp Capital cut Alaris Royalty Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 28th. Finally, Scotiabank reiterated an “outperform” rating and set a C$37.00 target price on shares of Alaris Royalty Corp. in a research report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Alaris Royalty Corp. has a consensus rating of “Buy” and a consensus target price of C$29.56.

Earnings History and Estimates for Alaris Royalty Corp. (TSE:AD)

Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.75 on Wednesday. Alaris Royalty Corp. has a 52-week low of $21.00 and a 52-week high of $31.20. The company has a market cap of $790.31 million and a P/E ratio of 14.41. The company has a 50-day moving average price of $22.50 and a 200-day moving average price of $27.00.

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's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.