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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$21.88 and last traded at C$21.76, with a volume of 36950 shares. The stock had previously closed at C$21.54.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AD.UN. Raymond James Financial increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada upped their target price on Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Finally, Desjardins lifted their price target on shares of 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.00.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.3%

The firm has a 50-day moving average price of C$20.45 and a two-hundred day moving average price of C$19.41. The company has a market capitalization of C$989.30 million, a P/E ratio of 6.16, a PEG ratio of 0.80 and a beta of 1.37. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

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.