Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 1-Year High – Should You Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) reached a new 52-week high on Thursday . The stock traded as high as C$21.52 and last traded at C$21.45, with a volume of 158730 shares trading hands. The stock had previously closed at C$20.50.

Analysts Set New Price Targets

Several brokerages recently issued reports on AD.UN. Desjardins boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Raymond James Financial lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada upped their target price on Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$24.00.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 4.6%

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 business’s 50 day simple moving average is C$20.26 and its 200 day simple moving average is C$19.34. The stock has a market cap of C$972.52 million, a P/E ratio of 6.06, a PEG ratio of 0.80 and a beta of 1.37.

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.