StorageVault Canada Inc. (TSE:SVI) Stock Rated "Buy" by Wall Street Brokerages

Key Points

• All six analysts covering StorageVault Canada rate the stock “Buy,” with an average one-year price target of C$5.52.
• Recent analyst target changes were mixed but mostly lower: National Bank Financial cut its target to C$6.00, ATB Cormark to C$5.15, and Desjardins to C$5.25; RBC raised its target to C$6.25.
• Shares opened at C$4.15, while the company reported quarterly revenue of C$94.24 million and a loss of C$0.02 per share. Insiders bought 155,511 shares worth about C$628,721 over the past 90 days.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has received a consensus recommendation of "Buy" from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$5.52.

Several equities research analysts have recently commented on the company. National Bank Financial decreased their price target on StorageVault Canada from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research report on Wednesday, October 21st. ATB Cormark Capital Markets dropped their price target on StorageVault Canada from C$6.00 to C$5.15 and set an "outperform" rating on the stock in a research note on Friday, October 23rd. Raymond James Financial downgraded StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and cut their price objective for the stock from C$5.75 to C$5.25 in a report on Friday, October 2nd. 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 report on Friday, July 24th. Finally, Desjardins reduced their price objective on shares of StorageVault Canada from C$6.00 to C$5.25 and set a "buy" rating for the company in a research note on Friday, October 23rd.

StorageVault Canada Stock Performance

Shares of TSE:SVI opened at C$4.15 on Friday. StorageVault Canada has a one year low of C$4.00 and a one year high of C$5.39. The stock has a fifty day moving average of C$4.20 and a 200-day moving average of C$4.53. The company has a market capitalization of C$1.52 billion, a PE ratio of -36.09 and a beta of 0.76.

StorageVault Canada (TSE:SVI - Get Free Report) last issued its earnings results on Wednesday, October 21st. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$94.24 million during the quarter. StorageVault Canada had a negative return on equity of 50.22% and a negative net margin of 11.77%.

Insider Transactions at StorageVault Canada

In other news, Director Deborah Wallis Robinson purchased 7,242 shares of the business's stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of C$4.03 per share, for a total transaction of C$29,185.26. Following the completion of the acquisition, the director directly owned 20,388 shares of the company's stock, valued at C$82,163.64. The trade was a 55.09% increase in their ownership of the stock. Also, insider Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, September 23rd. The stock was purchased at an average price of C$4.21 per share, with a total value of C$42,100.00. Following the transaction, the insider owned 10,000 shares in the company, valued at C$42,100. This represents a ∞ increase in their position. Insiders have bought a total of 155,511 shares of company stock valued at $628,721 over the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.