In a latest note to investors, a research analyst has provided a rating update for the Alaris Royalty (AD). Analyst Daryl Swetlishoff from Raymond James remains neutral on the stock and has a C$18.50 price target.
According to TipRanks.com, Swetlishoff is ranked #5120 out of 5182 analysts.
Alaris Royalty has an analyst consensus of Moderate Buy, with a price target consensus of C$21.29.
Based on Alaris Royalty’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$11.27 million. In comparison, last year the company had a GAAP net loss of C$3.15 million.
Alaris Royalty Corp. is an investment company, which engages in the provision of alternative financing to profitable and well-managed private businesses. The company was founded by Clayton H. Riddell and Stephen Reid on May 23, 2006 and is headquartered in Calgary, Canada.
The company’s shares closed on Thursday at C$18.08.
