Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Alaris Equity Partners Income Trust shares crossed above their 200-day moving average, reaching C$25.26 and last trading at C$25.12, compared with a 200-day average of C$23.01.
• Analyst sentiment remains positive: six analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of C$27.53.
• The company reported quarterly EPS of C$0.81 on revenue of C$37.37 million, while key metrics included a C$1.15 billion market capitalization, 7.66 P/E ratio and 22.20% return on equity.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.01 and traded as high as C$25.26. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$25.12, with a volume of 66,499 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Raymond James Financial upped 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 report on Friday, May 8th. National Bank Financial lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Desjardins boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a "buy" rating in a research report on Friday, August 7th. ATB Cormark Capital Markets upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Finally, Canaccord Genuity Group raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$27.53.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.6%

The stock's 50 day simple moving average is C$24.59 and its two-hundred day simple moving average is C$23.01. The stock has a market capitalization of C$1.15 billion, a PE ratio of 7.66, a PEG 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$37.37 million during the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. On average, sell-side analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current year.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

Alaris' investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (' Partners ') to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ' Distributions ') as well as capital appreciation on both preferred and common equity.

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