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) hit a new 52-week high during trading on Wednesday . The company traded as high as C$24.02 and last traded at C$24.02, with a volume of 18707 shares. The stock had previously closed at C$23.72.

Wall Street Analyst Weigh In

AD.UN has been the subject of a number of research reports. Canadian Imperial Bank of Commerce set a C$25.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research report on Monday, March 23rd. Raymond James Financial raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Desjardins upped their price target on shares of 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. Finally, Acumen Capital lifted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

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

The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.80 and a beta of 1.19. 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 stock’s 50 day moving average price is C$22.99 and its two-hundred day moving average price is C$21.87.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 EPS for the quarter. The company 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%. Analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 EPS 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.