Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 1-Year High – Still a Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$21.38 and last traded at C$21.26, with a volume of 6754 shares. The stock had previously closed at C$21.23.

Wall Street Analyst Weigh In

AD.UN has been the subject of a number of research analyst reports. Desjardins lifted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Finally, Raymond James Financial increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and a consensus target price of C$24.00.

Alaris Equity Partners Income Trust (AD.UN) Price Performance

The firm has a market capitalization of C$964.36 million, a PE ratio of 6.01, a P/E/G ratio of 0.80 and a beta of 1.37. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The stock has a fifty day moving average price of C$20.13 and a 200-day moving average price of C$19.28.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.