Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$23.12 and traded as high as C$23.34. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.24, with a volume of 53,911 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on AD.UN. Stifel Nicolaus boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. National Bank Financial upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. ATB Cormark Capital Markets increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Canaccord Genuity Group lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Desjardins decreased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a “buy” rating on the stock in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$27.61.

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

The stock has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.80 and a beta of 1.10. The stock’s 50 day moving average is C$23.50 and its 200 day moving average is C$23.13. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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.