Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 52-Week High – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price reached a new 52-week high on Monday . The company traded as high as C$22.24 and last traded at C$22.20, with a volume of 26105 shares trading hands. The stock had previously closed at C$21.86.

Wall Street Analysts Forecast Growth

AD.UN has been the topic of a number of recent analyst reports. Desjardins increased 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. Raymond James Financial increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Royal Bank Of Canada boosted their price target on 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 2.0%

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 stock’s 50-day moving average is C$21.09 and its two-hundred day moving average is C$19.67. The company has a market cap of C$1.01 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.80 and a beta of 1.32.

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.