Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 12-Month High After Analyst Upgrade

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high on Tuesday after Royal Bank Of Canada raised their price target on the stock from C$21.00 to C$22.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Alaris Equity Partners Income Trust (AD.UN) traded as high as C$22.20 and last traded at C$22.05, with a volume of 58456 shares changing hands. The stock had previously closed at C$22.09.

AD.UN has been the subject of several other research reports. Raymond James Financial boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Desjardins lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$24.33.

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

The company has a market capitalization of C$999.72 million, a P/E ratio of 6.23, a PEG ratio of 0.80 and a beta of 1.37. 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 business has a 50 day simple moving average of C$20.66 and a 200-day simple moving average of C$19.50.

About Alaris Equity Partners Income Trust (AD.UN)

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. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.