StorageVault Canada (TSE:SVI) Trading 0.2% Higher – Still a Buy?

StorageVault Canada Inc. (TSE:SVI) shares rose 0.2% during trading on Monday . The stock traded as high as C$4.35 and last traded at C$4.22. 606,769 shares were traded during trading, an increase of 95% from the average daily volume of 311,373 shares. The stock had previously closed at C$4.21.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SVI. Raymond James Financial upgraded shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st. Royal Bank Of Canada raised 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, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$5.86.

StorageVault Canada Stock Up 1.0%

The company’s fifty day moving average price is C$4.59 and its two-hundred day moving average price is C$4.54. The firm has a market cap of C$1.53 billion, a PE ratio of -101.71 and a beta of 0.70.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The firm had revenue of C$91.09 million during the quarter.

Insiders Place Their Bets

In related news, insider Access Self Storage Inc. bought 89,700 shares of the stock in a transaction on Wednesday, July 15th. The shares were bought at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the transaction, the insider owned 136,992,005 shares of the company’s stock, valued at C$630,163,223. This represents a 0.07% increase in their position. Insiders own 38.49% of the company’s stock.

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.