Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 52-Week High – Should You Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$22.79 and last traded at C$22.67, with a volume of 56118 shares changing hands. The stock had previously closed at C$22.52.

Analysts Set New Price Targets

AD.UN has been the topic of several analyst reports. Desjardins increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Royal Bank Of Canada raised their target price 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 report on Monday, January 26th. Finally, Raymond James Financial lifted their price target 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 research report on Friday, November 7th. Two research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.1%

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 firm has a 50 day moving average price of C$21.66 and a 200-day moving average price of C$20.00. The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of 6.43, a P/E/G ratio of 0.80 and a beta of 1.32.

About Alaris Equity Partners Income Trust (AD.UN)

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.