Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 12-Month High – Should You Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$24.02 and last traded at C$24.02, with a volume of 18707 shares changing hands. The stock had previously closed at C$23.72.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AD.UN shares. Canadian Imperial Bank of Commerce set a C$25.00 price objective on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research report on Monday, March 23rd. Desjardins lifted their price objective on shares of 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 report on Friday, May 8th. Acumen Capital lifted their price objective on shares of 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 report on Monday, April 6th. Finally, Raymond James Financial lifted their price objective 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.6%

The company has a market capitalization of C$1.10 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. The firm’s 50-day simple moving average is C$22.88 and its 200 day simple moving average is C$21.81. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60.

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.