StorageVault Canada (TSE:SVI) Price Target Lowered to C$4.70 at Raymond James

StorageVault Canada (TSE:SVI) had its price objective lowered by Raymond James from C$5.25 to C$4.70 in a research note issued to investors on Monday morning,BayStreet.CA reports. Raymond James also issued estimates for StorageVault Canada’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.04 EPS, Q3 2026 earnings at $0.09 EPS and FY2026 earnings at $0.29 EPS.

Other equities analysts have also recently issued reports about the company. CIBC set a C$5.00 price target on StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. National Bankshares upped their price target on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Cibc World Mkts raised StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Scotiabank decreased their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, StorageVault Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$5.65.

StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$3.98 on Monday. The firm has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -49.75 and a beta of 0.89. StorageVault Canada has a one year low of C$3.82 and a one year high of C$5.48. The company’s fifty day moving average price is C$4.00 and its 200-day moving average price is C$4.47.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The firm had revenue of C$78.96 million for the quarter.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 25,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of C$3.92 per share, with a total value of C$97,930.00. In the last ninety days, insiders bought 56,100 shares of company stock worth $224,858. 38.49% of the stock is owned by corporate insiders.

About StorageVault Canada

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.