StorageVault Canada (TSE:SVI) Posts Quarterly Earnings Results

StorageVault Canada (TSE:SVI) released its quarterly earnings data on Thursday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$86.74 million for the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%.

StorageVault Canada Price Performance

StorageVault Canada stock opened at C$4.78 on Friday. StorageVault Canada has a 12-month low of C$3.53 and a 12-month high of C$5.39. The stock has a market capitalization of C$1.75 billion, a PE ratio of -478.00 and a beta of 0.64. The firm has a 50 day simple moving average of C$4.92 and a 200-day simple moving average of C$4.86.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SVI shares. Royal Bank Of Canada boosted their price target on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Desjardins boosted their target price on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Canaccord Genuity Group raised their price target on shares of StorageVault Canada from C$5.00 to C$5.75 and gave the company a “buy” rating in a research note on Friday, October 24th. Canadian Imperial Bank of Commerce lifted their price target on StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, TD Securities increased their price objective on StorageVault Canada from C$5.50 to C$6.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.81.

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.