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

StorageVault Canada (TSE:SVI) was downgraded by Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report issued on Friday, BayStreet reports. They currently have a C$5.25 price target on the stock, down from their previous price target of C$5.75. Raymond James Financial’s target price suggests a potential upside of 28.36% from the company’s current price.

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

StorageVault Canada Trading Down 1.9%

TSE SVI traded down C$0.08 on Friday, hitting C$4.09. 515,362 shares of the company’s stock traded hands, compared to its average volume of 313,118. The firm’s 50-day moving average price is C$4.43 and its two-hundred day moving average price is C$4.49. The firm has a market capitalization of C$1.50 billion, a PE ratio of -99.76 and a beta of 0.70. StorageVault Canada has a 1-year low of C$4.02 and a 1-year high of C$5.39.

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

Insider Buying and Selling at StorageVault Canada

In related news, insider Access Self Storage Inc. bought 89,700 shares of the stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the acquisition, the insider directly owned 136,992,005 shares in the company, valued at approximately C$630,163,223. This trade represents a 0.07% increase in their position. 38.49% of the stock is currently owned by corporate insiders.

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.