Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 52-Week High – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$24.30 and last traded at C$24.00, with a volume of 73982 shares traded. The stock had previously closed at C$24.16.

Analyst Upgrades and Downgrades

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

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

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$1.09 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. The firm’s fifty day simple moving average is C$23.14 and its 200 day simple moving average is C$21.98.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. The business had revenue of C$37.37 million during the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%. On average, research analysts predict 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 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.