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

Key Points

• Alaris Equity Partners Income Trust shares rose above their 200-day moving average, reaching C$23.69 before last trading at C$23.55 on volume of 60,465 shares.
• Analysts have raised their price targets, with recent objectives ranging from C$27.00 to C$32.00. Eight analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and a C$27.72 target.
• The company has a market capitalization of about C$1.20 billion and provides structured equity financing to private businesses in exchange for distributions, interest and potential capital appreciation.

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$23.53 and traded as high as C$23.69. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.55, with a volume of 60,465 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AD.UN shares. Stifel Nicolaus boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a "buy" rating in a report on Wednesday, September 30th. National Bank Financial lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an "outperform" rating in a research report on Wednesday, September 30th. Desjardins boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$28.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Canaccord Genuity Group boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Finally, ATB Cormark Capital Markets increased 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 report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) has a consensus rating of "Moderate Buy" and a consensus price target of C$27.72.

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

The company's 50-day simple moving average is C$24.21 and its 200 day simple moving average is C$23.53. 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 stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.80 and a beta of 1.10.

About Alaris Equity Partners Income Trust (AD.UN)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.