Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high on Tuesday . The company traded as high as C$22.67 and last traded at C$22.65, with a volume of 28155 shares trading hands. The stock had previously closed at C$22.47.

Analyst Upgrades and Downgrades

AD.UN has been the topic of a number of research reports. Raymond James Financial raised 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. Desjardins raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a report on Thursday, October 30th. 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 research note on Monday, January 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Moderate Buy” and an average target price of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.3%

The stock has a market cap of C$1.03 billion, a P/E ratio of 6.43, a PEG ratio of 0.80 and a beta of 1.32. 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 business has a 50-day simple moving average of C$21.37 and a 200-day simple moving average of C$19.82.

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.