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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit 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 trading hands. The stock had previously closed at C$24.24.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce set a C$25.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Desjardins boosted their price target 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 research note on Friday, May 8th. Raymond James Financial increased their price objective 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 report on Friday, May 8th. Finally, Acumen Capital raised their price objective 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 report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.45.

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

The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The firm’s 50 day moving average is C$23.36 and its 200-day moving average is C$22.17. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last posted its earnings results on Wednesday, May 6th. The company reported C$0.81 EPS 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. Sell-side analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current fiscal year.

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.