Alaris Royalty (AD) Upgraded by Desjardins to “Buy”

Alaris Royalty (TSE:AD) was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other brokerages have also weighed in on AD. Raymond James Financial reduced their price objective on shares of Alaris Royalty from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a report on Tuesday, March 6th. National Bank Financial reduced their price objective on shares of Alaris Royalty from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, March 12th.

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Alaris Royalty stock traded up C$1.63 during mid-day trading on Tuesday, reaching C$18.49. 367,017 shares of the company’s stock were exchanged, compared to its average volume of 162,317. Alaris Royalty has a twelve month low of C$16.24 and a twelve month high of C$23.45.

Alaris Royalty (TSE:AD) last released its earnings results on Monday, March 5th. The company reported C$0.31 earnings per share (EPS) for the quarter. Alaris Royalty had a negative net margin of 42.91% and a negative return on equity of 14.19%. The company had revenue of C$21.64 million for the quarter.

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About Alaris Royalty

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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