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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.01 and traded as high as C$22.78. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.60, with a volume of 90,037 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Raymond James Financial boosted 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. Desjardins boosted their target price 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 report on Friday. Acumen Capital boosted their target price 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 report on Monday, April 6th. Canadian Imperial Bank of Commerce set a C$25.00 target price on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a report on Monday, March 23rd. Finally, Royal Bank Of Canada boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

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

The firm’s 50-day moving average price is C$21.59 and its two-hundred day moving average price is C$21.01. The firm has a market capitalization of C$1.04 billion, a PE ratio of 11.10, a P/E/G ratio of 0.80 and a beta of 1.24. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

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.