Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 1-Year High – Still a Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) reached a new 52-week high on Tuesday . The stock traded as high as C$24.30 and last traded at C$24.00, with a volume of 73982 shares changing hands. The stock had previously closed at C$24.16.

Analyst Ratings Changes

AD.UN has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce set a C$25.00 price target on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Desjardins lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a report on Friday, May 8th. Acumen Capital upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research note on Monday, April 6th. Finally, Raymond James Financial increased 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 report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.7%

The company has a fifty day simple moving average of C$23.07 and a two-hundred day simple moving average of C$21.93. 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 market cap of C$1.09 billion, a PE ratio of 11.65, a P/E/G ratio of 0.80 and a beta of 1.19.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (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. Analysts anticipate 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 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.