Ventum Financial Issues Pessimistic Forecast for RediShred Capital (CVE:KUT) Stock Price

RediShred Capital (CVE:KUT) had its price objective decreased by investment analysts at Ventum Financial from C$7.00 to C$5.00 in a note issued to investors on Monday,BayStreet.CA reports. Ventum Financial’s price objective indicates a potential upside of 2.67% from the stock’s current price.

Several other analysts have also issued reports on the company. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th. Cormark lifted their price objective on RediShred Capital from C$5.75 to C$6.00 in a report on Friday, August 30th.

RediShred Capital Stock Performance

Shares of KUT opened at C$4.87 on Monday. The stock has a 50 day moving average of C$4.22 and a 200 day moving average of C$3.51. The company has a market capitalization of C$89.17 million, a price-to-earnings ratio of 37.46 and a beta of 1.34. RediShred Capital has a 12 month low of C$2.60 and a 12 month high of C$4.89. The company has a current ratio of 0.46, a quick ratio of 1.33 and a debt-to-equity ratio of 69.47.

RediShred Capital (CVE:KUT) last posted its quarterly earnings data on Wednesday, August 28th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. RediShred Capital had a net margin of 3.69% and a return on equity of 5.09%. The business had revenue of C$17.95 million during the quarter, compared to the consensus estimate of C$18.28 million. As a group, sell-side analysts forecast that RediShred Capital will post 0.237933 earnings per share for the current year.

RediShred Capital Company Profile

RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates corporate shredding locations.