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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$23.63 and last traded at C$23.60, with a volume of 43303 shares. The stock had previously closed at C$23.40.

Wall Street Analysts Forecast Growth

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

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

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 simple moving average is C$22.05 and its 200 day simple moving average is C$21.39. The stock has a market capitalization of C$1.09 billion, a P/E ratio of 11.61, a PEG ratio of 0.80 and a beta of 1.24.

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.