Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High – What’s Next?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$25.08 and last traded at C$24.93, with a volume of 17523 shares trading hands. The stock had previously closed at C$24.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research report on Monday, March 23rd. Acumen Capital boosted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a report on Monday, April 6th. Raymond James Financial increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Desjardins raised their price target on 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and an average price target of C$25.45.

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

The company’s fifty day simple moving average is C$23.66 and its two-hundred day simple moving average is C$22.34. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The stock has a market capitalization of C$1.13 billion, a P/E ratio of 12.01, a PEG ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last issued its quarterly earnings data 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 during the quarter. As a group, equities analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current year.

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.