Ventum Financial Cuts RediShred Capital (CVE:KUT) Price Target to C$5.00

RediShred Capital (CVE:KUT) had its target price decreased by Ventum Financial from C$7.00 to C$5.00 in a report published on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently commented on KUT. Singular Research upgraded RediShred Capital to a “strong-buy” rating in a report 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 Price Performance

Shares of CVE:KUT opened at C$4.87 on Monday. RediShred Capital has a 1-year low of C$2.60 and a 1-year high of C$4.89. The company has a debt-to-equity ratio of 69.47, a current ratio of 0.46 and a quick ratio of 1.33. The business has a fifty day moving average price of C$4.25 and a 200-day moving average price of C$3.52. The company has a market capitalization of C$89.17 million, a PE ratio of 37.38 and a beta of 1.34.

RediShred Capital (CVE:KUT) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C$0.05 earnings per share for the quarter, meeting the consensus estimate of C$0.05. RediShred Capital had a return on equity of 5.09% and a net margin of 3.69%. The firm had revenue of C$17.95 million during the quarter, compared to the consensus estimate of C$18.28 million. As a group, equities analysts expect that RediShred Capital will post 0.237933 EPS for the current fiscal year.

About RediShred Capital

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.