Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.01 and traded as high as C$25.26. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$25.12, with a volume of 66,499 shares traded.
Wall Street Analyst Weigh In
Several brokerages recently commented on AD.UN. National Bank Financial boosted 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. Canaccord Genuity Group lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research note on Monday, August 10th. Desjardins upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a “buy” rating in a research note on Friday, August 7th. ATB Cormark Capital Markets raised their price objective 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 report on Wednesday, July 22nd. Finally, 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 stock an “outperform” rating in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average target price of C$27.53.
Read Our Latest Research Report on Alaris Equity Partners Income Trust (AD.UN)
Alaris Equity Partners Income Trust (AD.UN) Stock Performance
Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The firm 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%. On average, analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current year.
Alaris Equity Partners Income Trust (AD.UN) Company Profile
Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.
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