Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 52-Week High After Analyst Upgrade

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high during trading 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 trading hands. The stock had previously closed at C$22.09.

Other equities research analysts have also issued reports about the stock. Raymond James Financial raised their price target 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 report on Friday, November 7th. Desjardins raised their target price 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. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.2%

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 business’s 50 day moving average price is C$20.66 and its 200-day moving average price is C$19.50. The firm has a market cap of C$999.72 million, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.37.

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.