StorageVault Canada Inc. (TSE:SVI) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts maintain a consensus “Buy” rating on StorageVault Canada, with five buy ratings, one strong buy and one hold. The average 12-month price target is C$5.86.
• Recent brokerage updates were mixed but generally positive: Raymond James upgraded the stock to “strong buy” while lowering its target to C$5.25, and RBC raised its target to C$6.25.
• StorageVault reported quarterly revenue of C$91.09 million and an EPS loss of C$0.02, alongside negative net margin and return on equity. Shares opened at C$4.15, while insiders own 38.49% of the company and recently increased their holdings.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has been assigned a consensus recommendation of "Buy" from the seven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$5.86.

A number of brokerages recently commented on SVI. Raymond James Financial raised StorageVault Canada from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. Royal Bank Of Canada boosted their price objective on 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.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.15 on Thursday. StorageVault Canada has a 52-week low of C$4.09 and a 52-week high of C$5.39. The company has a 50-day simple moving average of C$4.58 and a two-hundred day simple moving average of C$4.53. The company has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -101.22 and a beta of 0.70.

StorageVault Canada (TSE:SVI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of C$91.09 million during the quarter.

Insider Buying and Selling

In related news, insider Access Self Storage Inc. bought 89,700 shares of the company's stock in a transaction on 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 in the company, valued at C$630,163,223. The trade was 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 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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.

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