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

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

A number of other analysts have also commented on KUT. Singular Research raised RediShred Capital to a “strong-buy” rating in a research note on Monday, September 30th. Cormark increased 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 stock opened at C$4.87 on Monday. The stock has a fifty day moving average of C$4.25 and a 200 day moving average of C$3.52. RediShred Capital has a 52 week low of C$2.60 and a 52 week high of C$4.89. The firm has a market capitalization of C$89.17 million, a price-to-earnings ratio of 37.38 and a beta of 1.34. The company has a quick ratio of 1.33, a current ratio of 0.46 and a debt-to-equity ratio of 69.47.

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