Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 1-Year High – Still a Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$21.28 and last traded at C$21.14, with a volume of 33189 shares changing hands. The stock had previously closed at C$21.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Raymond James Financial lifted 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 research report on Friday, November 7th. Desjardins raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the stock a “buy” rating in a research note 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$20.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$24.00.

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

The stock’s 50-day moving average price is C$19.67 and its two-hundred day moving average price is C$19.11. The stock has a market capitalization of C$958.47 million, a PE ratio of 5.97, a P/E/G ratio of 0.80 and a beta of 1.32. 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) 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.