Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$23.53 and traded as high as C$23.69. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.55, with a volume of 60,465 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on AD.UN. Desjardins lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$28.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Stifel Nicolaus boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. National Bank Financial boosted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. ATB Cormark Capital Markets upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Canaccord Genuity Group raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.72.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.2%

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 firm has a market capitalization of C$1.20 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.10. The company has a fifty day moving average of C$24.18 and a 200-day moving average of C$23.55.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.