Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High After Analyst Upgrade

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) reached a new 52-week high on Tuesday after Royal Bank Of Canada raised their price target on the stock from C$21.00 to C$22.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Alaris Equity Partners Income Trust (AD.UN) traded as high as C$22.20 and last traded at C$22.05, with a volume of 58456 shares changing hands. The stock had previously closed at C$22.09.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial boosted their price target 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 research note on Friday, November 7th. Desjardins upped their target price 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.33.

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

The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The company’s 50-day moving average price is C$20.78 and its 200-day moving average price is C$19.54. The company has a market cap of C$1.00 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.80 and a beta of 1.37.

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.