Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 1-Year High – Still a Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as C$24.34 and last traded at C$24.26, with a volume of 8981 shares changing hands. The stock had previously closed at C$24.24.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Desjardins boosted their price target 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. Acumen Capital lifted 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 research note 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 company an “outperform” rating in a report on Monday, March 23rd. Finally, Raymond James Financial upped their price target 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 report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

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Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.4%

The firm has a fifty day simple moving average of C$23.43 and a 200-day simple moving average of C$22.22. The firm has a market cap of C$1.10 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 EPS for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%.The firm had revenue of C$37.37 million during the quarter. On average, equities research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current year.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

(Get Free Report)

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.

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