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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$24.34 and last traded at C$24.26, with a volume of 8981 shares. The stock had previously closed at C$24.24.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AD.UN shares. Desjardins boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a research note on Friday, May 8th. Acumen Capital increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a report on Monday, April 6th. Canadian Imperial Bank of Commerce set a C$25.00 target price on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research report on Monday, March 23rd. Finally, Raymond James Financial lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

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

The firm’s fifty day moving average is C$23.36 and its 200 day moving average is C$22.17. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 11.61, a PEG 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.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its quarterly earnings data 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 firm had revenue of C$37.37 million for the quarter. On average, analysts predict that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

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.