Alaris Royalty Corp. (TSE:AD)’s share price dropped 2.8% during trading on Thursday . The stock traded as low as C$20.10 and last traded at C$20.13. Approximately 105,063 shares were traded during trading, a decline of 39% from the average daily volume of 172,148 shares. The stock had previously closed at C$20.71.
AD has been the topic of several recent research reports. Raymond James restated a “market perform” rating and set a C$19.00 price target on shares of Alaris Royalty in a research report on Wednesday, March 6th. National Bank Financial raised their price target on Alaris Royalty from C$21.00 to C$21.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Cormark raised their price target on Alaris Royalty from C$21.50 to C$22.00 in a research report on Thursday, March 7th. CIBC raised their price target on Alaris Royalty from C$19.00 to C$22.00 in a research report on Thursday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a C$24.00 price target on shares of Alaris Royalty in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$21.07.
The company has a market cap of $755.83 million and a PE ratio of 12.22. The company has a quick ratio of 2.48, a current ratio of 4.74 and a debt-to-equity ratio of 35.87.
The firm also recently announced a monthly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 15th were issued a $0.1375 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date was Wednesday, January 30th. Alaris Royalty’s payout ratio is 98.48%.
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Alaris Royalty Company Profile (TSE:AD)
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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