Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High - Should You Buy?

Key Points

• 52-week high: Alaris Equity Partners (TSE:AD.UN) reached a new 52-week high of C$22.85 on Friday, trading about 31,329 shares and rising roughly 1.5% intraday.
• Analyst sentiment: Four analysts rate the stock a Buy and one a Hold, giving an overall "Moderate Buy" consensus with a target price of C$24.90; recent price-target increases include Acumen to C$26.50, CIBC to C$25.00 and RBC to C$22.00.
• Business and metrics: The trust (market cap C$1.04B) provides alternative financing to private companies to generate stable distributions, and trades at a P/E of 13.1 and PEG of 0.80 while showing high leverage (debt-to-equity 6.33).

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$22.85 and last traded at C$22.85, with a volume of 31329 shares traded. The stock had previously closed at C$22.60.

Analyst Upgrades and Downgrades

AD.UN has been the topic of several research reports. Acumen Capital increased their price target on shares of 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 increased their price target on shares of 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 target price on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an "outperform" rating in a report on Monday, March 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$24.90.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.5%

The company's fifty day moving average is C$21.59 and its two-hundred day moving average is C$21.01. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.80 and a beta of 1.24. The company has a quick ratio of 2.36, a current ratio of 0.60 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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