Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 52-Week High - Here's What Happened

Key Points

• Alaris Equity Partners Income Trust reached a new 52-week high of C$25.66, up from its prior close of C$25.00, with shares last trading at C$25.64.
• Analyst sentiment remains positive: six analysts rate the stock Buy and one rates it Hold, while recent price-target increases include C$30 from National Bank and C$32 from ATB Cormark. The consensus target is C$27.11.
• The company reported quarterly EPS of C$0.81 on revenue of C$37.37 million, with a 22.20% return on equity and 97.33% net margin.

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$25.66 and last traded at C$25.64, with a volume of 21448 shares. The stock had previously closed at C$25.00.

Analysts Set New Price Targets

A number of research firms recently weighed in on AD.UN. National Bank Financial increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. ATB Cormark Capital Markets upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Raymond James Financial upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, Desjardins raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.50 to C$27.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$27.11.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 4.0%

The company's 50 day simple moving average is C$24.28 and its 200 day simple moving average is C$22.81. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.80 and a beta of 1.21. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business 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%. As a group, research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share 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.

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