Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High - Here's Why

Key Points

• 52-week high: Alaris Equity Partners Income Trust (TSE:AD.UN) reached a new 52-week high of C$22.82 (last traded C$22.71) on Tuesday with a volume of 67,212 shares.
• Analyst sentiment: The stock has an average rating of "Moderate Buy" (four Buys, one Hold) and an average price target of C$24.90, with recent upgrades including Acumen to C$26.50 (buy), CIBC to C$25.00 (outperform) and RBC to C$22.00 (sector perform).
• Business & fundamentals: The trust (market cap C$1.03B) provides alternative financing to private companies to generate stable distributions and trades at a P/E of 12.97 and PEG of 0.80, with 50- and 200-day moving averages of C$21.56 and C$20.58 respectively.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$22.82 and last traded at C$22.71, with a volume of 67212 shares. The stock had previously closed at C$22.23.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AD.UN shares. Acumen Capital boosted their price target 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. Royal Bank Of Canada boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a "sector perform" rating in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce set a C$25.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an "outperform" rating in a research report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$24.90.

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

The stock has a 50-day simple moving average of C$21.56 and a 200-day simple moving average of C$20.58. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.80 and a beta of 1.18. 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 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.

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