Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 12-Month High – Still a Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$24.02 and last traded at C$24.02, with a volume of 18707 shares traded. The stock had previously closed at C$23.72.

Analysts Set New Price Targets

AD.UN has been the topic of several recent research reports. Acumen Capital boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Monday, April 6th. Desjardins boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$25.00 price objective 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. Finally, Raymond James Financial boosted their price objective 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 research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$25.45.

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

The company has a market capitalization of C$1.10 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The stock’s fifty day simple moving average is C$22.88 and its 200-day simple moving average is C$21.81.

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.