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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$22.24 and last traded at C$22.20, with a volume of 26105 shares. The stock had previously closed at C$21.86.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Raymond James Financial upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Desjardins raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 2.0%

The company’s fifty day simple moving average is C$21.09 and its 200 day simple moving average is C$19.67. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The firm has a market capitalization of C$1.01 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32.

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.