StorageVault Canada (TSE:SVI) Rating Increased to Strong-Buy at Raymond James Financial

StorageVault Canada (TSE:SVI) was upgraded by analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a C$5.25 target price on the stock, down from their previous target price of C$5.50. Raymond James Financial’s price objective indicates a potential upside of 19.32% from the stock’s previous close.

Separately, National Bank Financial set a C$6.25 price target on StorageVault Canada and gave the stock an “outperform” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$5.75.

StorageVault Canada Stock Performance

Shares of TSE:SVI traded up C$0.14 on Monday, hitting C$4.40. The company’s stock had a trading volume of 318,250 shares, compared to its average volume of 339,558. StorageVault Canada has a 12 month low of C$3.97 and a 12 month high of C$5.39. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of -110.00 and a beta of 0.65. The stock’s 50-day moving average is C$4.38 and its two-hundred day moving average is C$4.70.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share (EPS) for the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.The business had revenue of C$85.22 million during the quarter.

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.