Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Alaris Equity Partners Income Trust’s shares crossed above their 200-day moving average, reaching C$25.11 before closing at C$24.82, compared with the C$22.81 long-term average.
• Analyst sentiment is favorable: six analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of C$27.11.
• The company reported quarterly earnings of C$0.81 per share on C$37.37 million in revenue, with a 22.20% return on equity and a 97.33% net margin.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.81 and traded as high as C$25.11. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.82, with a volume of 60,575 shares.

Wall Street Analysts Forecast Growth

AD.UN has been the topic of several recent research reports. Desjardins lifted their target price 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 report on Wednesday, July 22nd. National Bank Financial increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. ATB Cormark Capital Markets raised their price objective 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 report on Wednesday, July 22nd. Finally, Raymond James Financial lifted their price objective 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. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$27.11.

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

The firm has a market cap of C$1.13 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.80 and a beta of 1.21. 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 business's 50 day moving average is C$24.28 and its two-hundred day moving average is C$22.81.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share 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%.The firm had revenue of C$37.37 million during the quarter. As a group, analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current 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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