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

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$23.15 and last traded at C$23.10, with a volume of 29335 shares trading hands. The stock had previously closed at C$22.87.

Analysts Set New Price Targets

Several research firms have recently weighed in on AD.UN. Desjardins boosted 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 research note on Friday, May 8th. 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 research note on Monday, January 26th. 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 research note on Monday, March 23rd. Raymond James Financial boosted their price objective on shares of 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 note on Friday, May 8th. Finally, Acumen Capital boosted 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 research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.45.

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

The firm has a market cap of C$1.06 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. The stock’s 50 day moving average is C$21.68 and its 200 day moving average is C$21.22. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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.