Raymond James Cuts StorageVault Canada (TSE:SVI) Price Target to C$4.70

StorageVault Canada (TSE:SVI) had its price objective cut by Raymond James from C$5.25 to C$4.70 in a report published on Monday,BayStreet.CA reports. Raymond James also issued estimates for StorageVault Canada’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.04 EPS, Q3 2026 earnings at $0.09 EPS and FY2026 earnings at $0.29 EPS.

A number of other research firms have also commented on SVI. CIBC set a C$5.00 price objective on StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. Desjardins downgraded shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank cut their price target on shares of StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. Cibc World Mkts raised StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Finally, National Bankshares raised their target price on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$5.65.

StorageVault Canada Trading Up 0.5 %

Shares of SVI opened at C$3.98 on Monday. The stock has a market capitalization of C$1.48 billion, a PE ratio of -49.75 and a beta of 0.89. The firm’s 50 day moving average is C$4.00 and its 200-day moving average is C$4.47. StorageVault Canada has a 12 month low of C$3.82 and a 12 month high of C$5.48.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.08). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The business had revenue of C$78.96 million for the quarter.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 25,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Insiders purchased a total of 56,100 shares of company stock worth $224,858 in the last quarter. Insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.