Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 1-Year High – Here’s What Happened

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$25.08 and last traded at C$24.93, with a volume of 17523 shares traded. The stock had previously closed at C$24.86.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Canadian Imperial Bank of Commerce set a C$25.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research note on Monday, March 23rd. Desjardins raised their target price on 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. Acumen Capital boosted their price objective on 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. Finally, Raymond James Financial increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.45.

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

The firm has a market cap of C$1.13 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. 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 firm has a 50-day simple moving average of C$23.57 and a 200 day simple moving average of C$22.29.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. The business had revenue of C$37.37 million during the quarter. As a group, equities analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current year.

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.