Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above 200-Day Moving Average – What’s Next?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.91 and traded as high as C$20.02. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.00, with a volume of 77,450 shares trading hands.

Wall Street Analysts Forecast Growth

AD.UN has been the topic of a number of analyst reports. Desjardins lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Royal Bank Of Canada raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Finally, Raymond James Financial upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Three investment 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 a consensus target price of C$25.00.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.3%

The firm has a market cap of C$906.78 million, a price-to-earnings ratio of 5.65, a PEG ratio of 0.80 and a beta of 1.34. The business has a fifty day moving average of C$19.13 and a two-hundred day moving average of C$18.91. 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) 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.