Key Points
- Insider buying: Access Self Storage Inc. purchased 103,987 StorageVault Canada shares for C$414,908.13 at an average price of C$3.99, increasing its holdings by 0.08% to more than 137 million shares.
- Financial performance: StorageVault reported quarterly revenue of C$94.24 million and a loss of C$0.02 per share, alongside a negative net margin of 11.77% and negative return on equity of 50.22%.
- Analyst outlook: Despite several target-price cuts, analysts maintain a consensus “Buy” rating, with an average target price of C$5.52 versus the stock’s reported opening price of C$4.09.
StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Access Self Storage Inc. acquired 103,987 shares of the business's stock in a transaction on Thursday, October 15th. The shares were purchased at an average price of C$3.99 per share, with a total value of C$414,908.13. Following the completion of the purchase, the insider owned 137,095,992 shares in the company, valued at C$547,013,008.08. This represents a 0.08% increase in their position.
StorageVault Canada Price Performance
Shares of StorageVault Canada stock opened at C$4.09 on Thursday. The stock has a market capitalization of C$1.50 billion, a P/E ratio of -35.57 and a beta of 0.79. The business has a 50 day simple moving average of C$4.25 and a two-hundred day simple moving average of C$4.56. StorageVault Canada Inc. has a 12 month low of C$4.02 and a 12 month high of C$5.39.
StorageVault Canada (TSE:SVI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 50.22% and a negative net margin of 11.77%. The firm had revenue of C$94.24 million for the quarter.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. ATB Cormark Capital Markets dropped their target price on shares of StorageVault Canada from C$6.00 to C$5.15 and set an "outperform" rating for the company in a report on Friday, October 23rd. Desjardins decreased their price target on shares of StorageVault Canada from C$6.00 to C$5.25 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Royal Bank Of Canada boosted their price target 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, July 24th. National Bank Financial dropped their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research note on Wednesday, October 21st. Finally, Raymond James Financial downgraded shares of StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and cut their price objective for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$5.52.
View Our Latest Research Report on SVI
About StorageVault Canada
(
Get Free Report)
StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
