Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 1-Year High – Time to Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high on Thursday . The stock traded as high as C$21.52 and last traded at C$21.45, with a volume of 158730 shares changing hands. The stock had previously closed at C$20.50.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AD.UN. Raymond James Financial boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Desjardins boosted their price target on shares of 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 report on Thursday, October 30th. Finally, Royal Bank Of Canada upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$24.00.

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

The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The stock has a market cap of C$979.32 million, a PE ratio of 6.10, a PEG ratio of 0.80 and a beta of 1.37. The company’s 50-day moving average price is C$20.36 and its two-hundred day moving average price is C$19.37.

About Alaris Equity Partners Income Trust (AD.UN)

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.