Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 1-Year High – Should You Buy?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$25.66 and last traded at C$25.64, with a volume of 21448 shares. The stock had previously closed at C$25.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James Financial raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Desjardins boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.50 to C$27.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. ATB Cormark Capital Markets increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, National Bank Financial increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$27.11.

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

The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.80 and a beta of 1.21. 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 stock has a fifty day moving average price of C$24.28 and a two-hundred day moving average price of C$22.81.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$37.37 million 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%. As a group, analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

About Alaris Equity Partners Income Trust (AD.UN)

(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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