Alaris Royalty Corp. (TSE:AD) – Investment analysts at Haywood Securities dropped their Q3 2016 earnings per share estimates for Alaris Royalty Corp. in a research report issued to clients and investors on Monday. Haywood Securities analyst J. Reid now forecasts that the firm will earn $0.49 per share for the quarter, down from their prior forecast of $0.51. Haywood Securities also issued estimates for Alaris Royalty Corp.’s Q4 2016 earnings at $0.46 EPS and FY2016 earnings at $1.94 EPS.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada cut their target price on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. RBC Capital Markets cut their target price on shares of Alaris Royalty Corp. from C$31.00 to C$28.00 in a research note on Thursday, July 28th. Raymond James Financial Inc. cut their target price on shares of Alaris Royalty Corp. from C$31.00 to C$30.00 in a research note on Thursday, July 28th. Acumen Capital cut their target price on shares of Alaris Royalty Corp. from C$33.00 to C$30.50 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Canaccord Genuity raised shares of Alaris Royalty Corp. from a “hold” rating to a “buy” rating and cut their target price for the company from C$28.00 to C$26.50 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$29.56.
Shares of Alaris Royalty Corp. (TSE:AD) opened at 21.75 on Wednesday. The stock’s 50 day moving average is $22.50 and its 200 day moving average is $27.00. Alaris Royalty Corp. has a 52 week low of $21.00 and a 52 week high of $31.20. The firm has a market cap of $790.31 million and a P/E ratio of 14.41.
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.
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