Acumen Capital Issues Positive Forecast for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target upped by Acumen Capital from C$26.00 to C$26.50 in a research report released on Monday,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

Several other research analysts also recently commented on AD.UN. Royal Bank Of Canada lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a report on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.90.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.8%

Shares of AD.UN stock opened at C$21.60 on Monday. 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 moving average price of C$21.54 and a two-hundred day moving average price of C$20.49. Alaris Equity Partners Income Trust has a 12-month low of C$16.58 and a 12-month high of C$22.79. The firm has a market cap of C$979.32 million, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.18.

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.