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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$22.24 and last traded at C$22.20, with a volume of 26105 shares trading hands. The stock had previously closed at C$21.86.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AD.UN shares. Desjardins increased their price objective 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. Raymond James Financial raised their price objective on shares of 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 note on Friday, November 7th. Finally, Royal Bank Of Canada boosted 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. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average target price of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 1.1%

The business’s fifty day moving average price is C$21.23 and its 200 day moving average price is C$19.74. 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 firm has a market capitalization of C$1.01 billion, a PE ratio of 6.31, a P/E/G ratio of 0.80 and a beta of 1.32.

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.