Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$22.66 and traded as high as C$25.04. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.54, with a volume of 88,862 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on AD.UN shares. Raymond James Financial lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a report on Friday, May 8th. Desjardins increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.50 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. ATB Cormark Capital Markets raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. National Bank Financial lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Acumen Capital lifted their price target on 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. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average target price of C$27.11.
Check Out Our Latest Analysis on AD.UN
Alaris Equity Partners Income Trust (AD.UN) Price Performance
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 net margin of 97.33% and a return on equity of 22.20%. The firm had revenue of C$37.37 million for the quarter. As a group, equities analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.
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.
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