Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$22.81 and traded as high as C$25.11. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.82, with a volume of 60,575 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on AD.UN. National Bank Financial increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Desjardins lifted their price target 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. 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 report on Friday, May 8th. Finally, ATB Cormark Capital Markets increased their price objective on shares of 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Moderate Buy” and an average target price of C$27.18.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 3.5%

The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.80 and a beta of 1.21. The firm has a 50-day moving average price of C$24.31 and a two-hundred day moving average price of C$22.83.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$37.37 million 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%. As a group, sell-side analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share 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.