Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 52-Week High – Here’s What Happened

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high on Tuesday . The stock traded as high as C$22.67 and last traded at C$22.65, with a volume of 28155 shares traded. The stock had previously closed at C$22.47.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AD.UN. Raymond James Financial raised their price target 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 report on Friday, November 7th. Royal Bank Of Canada lifted their price target on 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 report on Monday, January 26th. Finally, Desjardins lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$24.33.

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

The company’s 50 day moving average price is C$21.50 and its 200-day moving average price is C$19.89. The stock has a market cap of C$1.02 billion, a P/E ratio of 6.35, a price-to-earnings-growth 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.

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.