StorageVault Canada Inc. (SVI.TO) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Seven analysts covering StorageVault Canada give it a consensus “Moderate Buy” rating, with six buys and one hold. The average 12-month price target is C$5.86, although recent targets ranged from C$5.25 to C$6.25.
• The stock is trading below analyst targets: Shares opened at C$4.12, near their C$4.02 one-year low and below both their 50-day and 200-day moving averages.
• Recent financial results were weak, despite insider buying: The company reported a quarterly loss of C$0.02 per share, C$91.09 million in revenue, a negative 4.32% net margin, and a negative 16.05% return on equity. Insiders bought shares recently, and insiders collectively own 38.49% of the company.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$5.86.

A number of research analysts have recently commented on the company. Royal Bank Of Canada increased their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the company an "outperform" rating in a research note on Friday, July 24th. Raymond James Financial lowered StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and reduced their price objective for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd.

StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$4.12 on Monday. The company has a market cap of C$1.51 billion, a price-to-earnings ratio of -100.49 and a beta of 0.79. The firm has a 50 day simple moving average of C$4.35 and a 200 day simple moving average of C$4.47. StorageVault Canada has a one year low of C$4.02 and a one year high of C$5.39.

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

Insider Activity

In other news, insider Storagevault Canada Inc. bought 10,000 shares of the company's stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average cost of C$4.21 per share, for a total transaction of C$42,100.00. Following the completion of the transaction, the insider owned 10,000 shares of the company's stock, valued at C$42,100. This trade represents a ∞ increase in their ownership of the stock. Also, insider Access Self Storage Inc. purchased 89,700 shares of the business's stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the purchase, the insider directly owned 136,992,005 shares of the company's stock, valued at approximately C$630,163,223. This represents a 0.07% increase in their position. Insiders acquired 133,982 shares of company stock valued at $597,247 over the last quarter. 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.

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