Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High – Should You Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high on Tuesday . The company traded as high as C$23.63 and last traded at C$23.60, with a volume of 43303 shares changing hands. The stock had previously closed at C$23.40.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AD.UN. Royal Bank Of Canada boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Raymond James Financial boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a report on Friday, May 8th. Acumen Capital boosted 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 Monday, April 6th. Canadian Imperial Bank of Commerce set a C$25.00 price objective on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a report on Monday, March 23rd. Finally, Desjardins boosted 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. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

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

The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The company has a market capitalization of C$1.08 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. The firm’s fifty day simple moving average is C$21.90 and its 200 day simple moving average is C$21.33.

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.