Ventum Financial Has Lowered Expectations for RediShred Capital (CVE:KUT) Stock Price

RediShred Capital (CVE:KUT) had its target price lowered by research analysts at Ventum Financial from C$7.00 to C$5.00 in a research report issued on Monday,BayStreet.CA reports. Ventum Financial’s price objective would suggest a potential upside of 2.67% from the company’s previous close.

Several other research analysts have also weighed in on KUT. Singular Research upgraded shares of RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th. Cormark increased their target price on shares of RediShred Capital from C$5.75 to C$6.00 in a research report on Friday, August 30th.

RediShred Capital Price Performance

KUT remained flat at C$4.87 during trading on Monday. 46,857 shares of the company traded hands, compared to its average volume of 6,599. The stock has a market capitalization of C$89.17 million, a P/E ratio of 37.46 and a beta of 1.34. RediShred Capital has a 1-year low of C$2.60 and a 1-year high of C$4.89. The stock has a 50 day moving average of C$4.19 and a 200-day moving average of C$3.49. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33.

RediShred Capital (CVE:KUT) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C$0.05 EPS for the quarter, hitting the consensus estimate of C$0.05. RediShred Capital had a net margin of 3.69% and a return on equity of 5.09%. The firm had revenue of C$17.95 million for the quarter, compared to analysts’ expectations of C$18.28 million. Sell-side analysts forecast that RediShred Capital will post 0.237933 earnings per share for the current year.

About RediShred Capital

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates corporate shredding locations.