StorageVault Canada (TSE:SVI) Cut to Moderate Buy at Raymond James Financial

Raymond James Financial cut shares of StorageVault Canada (TSE:SVI) from a strong-buy rating to a moderate buy rating in a report published on Friday, MarketBeat Ratings reports. The brokerage currently has C$5.25 price objective on the stock, down from their previous price objective of C$5.75.

Separately, Royal Bank Of Canada upped their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, StorageVault Canada has a consensus rating of “Moderate Buy” and an average price target of C$5.86.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.07 on Friday. The firm has a market cap of C$1.49 billion, a P/E ratio of -99.27 and a beta of 0.79. StorageVault Canada has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The business’s 50 day moving average price is C$4.42 and its 200-day moving average price is C$4.49.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The business had revenue of C$91.09 million for the quarter.

Insiders Place Their Bets

In related news, insider Access Self Storage Inc. purchased 89,700 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average price of C$4.60 per share, for a total transaction of C$412,620.00. Following the purchase, the insider directly owned 136,992,005 shares in the company, valued at C$630,163,223. This trade represents a 0.07% increase in their ownership of the stock. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.