StorageVault Canada (TSE:SVI) Posts Earnings Results

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

StorageVault Canada Stock Down 1.6%

Shares of SVI opened at C$4.77 on Friday. StorageVault Canada has a twelve month low of C$3.53 and a twelve month high of C$5.39. The stock has a market capitalization of C$1.74 billion, a P/E ratio of -477.00 and a beta of 0.64. The company has a 50 day moving average of C$4.93 and a 200-day moving average of C$4.86.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SVI shares. Canaccord Genuity Group raised their price target on StorageVault Canada from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research report on Friday, October 24th. Desjardins increased their target price on StorageVault Canada from C$5.00 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Canadian Imperial Bank of Commerce lifted their price target on shares of StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a research note on Friday, October 24th. National Bank Financial increased their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, TD Securities boosted their price objective on shares of StorageVault Canada from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$5.81.

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. 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.