Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 52-Week High – Should You 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 Wednesday . The company traded as high as C$23.15 and last traded at C$23.10, with a volume of 29335 shares traded. The stock had previously closed at C$22.87.

Analyst Upgrades and Downgrades

AD.UN has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce set a C$25.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Acumen Capital lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research note on Monday, April 6th. Royal Bank Of Canada lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Raymond James Financial lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Desjardins lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.4%

The firm’s fifty day simple moving average is C$21.77 and its two-hundred day simple moving average is C$21.27. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24.

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.