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

Key Points

• Alaris shares rose above their 200-day moving average, reaching C$24.10 before closing near C$24.09, compared with the 200-day average of C$23.20.
• Analysts have raised their price targets, with a consensus target of C$27.53. Six analysts rate the stock Buy and one rates it Hold, resulting in a “Moderate Buy” consensus.
• The company reported quarterly EPS of C$0.81 on revenue of C$37.37 million, alongside 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) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.20 and traded as high as C$24.10. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.09, with a volume of 53,606 shares.

Analyst Upgrades and Downgrades

AD.UN has been the subject of several research reports. ATB Cormark Capital Markets lifted their price target 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. National Bank Financial increased their price objective 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 raised their price objective 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 research report on Friday, August 7th. Canaccord Genuity Group lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research note on Monday, August 10th. Finally, Raymond James Financial boosted their target price on shares of 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 report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$27.53.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.0%

The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The company has a fifty day moving average of C$24.69 and a two-hundred day moving average of C$23.20.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 EPS 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 company had revenue of C$37.37 million for the quarter. On average, research 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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