Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Alaris Equity Partners Income Trust shares rose above their 200-day moving average of C$23.13, reaching C$24.38 before closing at C$24.03 on volume of 176,333 shares.
• Analyst sentiment is favorable: 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 earnings of C$0.81 per share on C$37.37 million in revenue, alongside a 97.33% net margin and 22.20% return on equity.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$23.13 and traded as high as C$24.38. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.03, with a volume of 176,333 shares traded.

Analyst Upgrades and Downgrades

AD.UN has been the subject of several analyst reports. Desjardins boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a "buy" rating in a report on Friday, August 7th. National Bank Financial boosted their target price on shares of 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. Raymond James Financial raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an "outperform" rating in a research note on Friday, May 8th. Canaccord Genuity Group boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets raised their target price 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 report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of "Moderate Buy" and an average target price of C$27.53.

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

The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 0.80 and a beta of 1.21. The company's 50 day simple moving average is C$24.71 and its 200 day simple moving average is C$23.13. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60.

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 net margin of 97.33% and a return on equity of 22.20%. The company had revenue of C$37.37 million during the quarter. On average, equities research 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' 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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