Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High – Should You Buy?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UNGet Free Report) reached a new 52-week high on Friday . The company traded as high as C$22.85 and last traded at C$22.85, with a volume of 31329 shares. The stock had previously closed at C$22.60.

Analysts Set New Price Targets

A number of research firms have weighed in on AD.UN. Acumen Capital raised their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a report on Monday, April 6th. Royal Bank Of Canada raised their price objective on shares of 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, Canadian Imperial Bank of Commerce set a C$25.00 price objective on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has an average rating of “Moderate Buy” and a consensus price target of C$24.90.

Read Our Latest Research Report on Alaris Equity Partners Income Trust (AD.UN)

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.5%

The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The business’s fifty day simple moving average is C$21.59 and its two-hundred day simple moving average is C$21.01. The company has a market cap of C$1.04 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.80 and a beta of 1.24.

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

(Get Free Report)

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.

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