Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 52-Week High – Time to Buy?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$23.15 and last traded at C$23.10, with a volume of 29335 shares changing hands. The stock had previously closed at C$22.87.

Analyst Ratings Changes

AD.UN has been the topic of a number of recent research reports. 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. Raymond James Financial raised their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Desjardins 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 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 company an “outperform” rating in a research note on Monday, March 23rd. Finally, 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. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.3%

The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The business’s fifty day moving average is C$21.68 and its 200 day moving average is C$21.22. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24.

About Alaris Equity Partners Income Trust (AD.UN)

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.