GREY:ALARF - Post by User
Post by
OceanRanger1on Jul 28, 2020 7:06pm
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Post# 31334077
Earnings were decent again
Earnings were decent againEarnings were not so bad.
Could have been a lot worse.
Looks like Alaris is getting through this pandemic relatively unscathed.
Minor damage but nothing unmanagable.
National Bank analyst, Jaeme Gloyn finally gets on board with a new price target of $14.50 just 2 days ago. He hasn't been overly positive on Alaris for years so this is a big call for a very conservative analyst.
Scotiabank is the lowest target at $12.00
Stifel Nicolaus is at $13.50
CIBC has $15.00
It looks like Alaris is still undervalued at the current level and it is deserving of a multiple expansion.
Alaris historically trades at a premium to book value which would take it to the $16+ level.
I would not be surprised to see something in that range within the next year and $20+ within 2 years.
Paying a dividend yield north of 9% makes the wait acceptable and rewarding.
Just my opinion.
....but I am not a pro.
Long Alaris!!