Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 1-Year High Following Analyst Upgrade

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high during trading on Friday after Desjardins raised their price target on the stock from C$26.00 to C$26.50. Desjardins currently has a buy rating on the stock. Alaris Equity Partners Income Trust (AD.UN) traded as high as C$22.85 and last traded at C$22.85, with a volume of 31329 shares. The stock had previously closed at C$22.60.

AD.UN has been the topic of a number of other research reports. Raymond James Financial raised their target price on shares of 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. Royal Bank Of Canada raised their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. 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 note on Monday, April 6th. Finally, Canadian Imperial Bank of Commerce set a C$25.00 price target on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and an average target price of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.2%

The business’s 50 day simple moving average is C$21.59 and its 200-day simple moving average is C$21.01. The company has a market cap of C$1.04 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. 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.