goeasy Ltd. (TSE:GSY) Receives Average Rating of "Reduce" from Brokerages

Key Points

• goeasy received a consensus “Reduce” rating from nine brokerages: two sell, six hold, and one buy. The average 12-month price target is C$42.89, below the reported opening price of C$43.37.
• Recent analyst actions were mixed, with ATB Cormark downgrading the stock to “underperform,” while several firms raised their price targets, including National Bank Financial to C$53 and Jefferies to C$51.
• The company reported C$1.02 in quarterly EPS and C$390.04 million in revenue, but posted a negative net margin of 20.21% and negative return on equity of 37.13%. Insiders also sold 4,837 shares worth approximately C$217,486 during the quarter.

goeasy Ltd. (TSE:GSY - Get Free Report) has earned a consensus rating of "Reduce" from the nine brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$42.89.

A number of research firms have commented on GSY. ATB Cormark Capital Markets lowered goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price target for the company. in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. Raymond James Financial increased their price objective on shares of goeasy from C$42.00 to C$45.00 and gave the company a "market perform" rating in a research report on Tuesday, July 21st. National Bank Financial increased their price objective on goeasy from C$43.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Monday, August 10th. Finally, Jefferies Financial Group lifted their price objective on goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th.

goeasy Price Performance

TSE:GSY opened at C$43.37 on Friday. The firm has a market capitalization of C$695.39 million, a price-to-earnings ratio of -2.08, a P/E/G ratio of 0.84 and a beta of 1.33. goeasy has a 52-week low of C$27.60 and a 52-week high of C$173.00. The stock has a fifty day moving average of C$44.35 and a 200 day moving average of C$40.38. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81.

goeasy (TSE:GSY - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$390.04 million for the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. On average, research analysts expect that goeasy will post 20.3207343 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$117,165.02. Insiders have sold a total of 4,837 shares of company stock worth $217,486 over the last quarter. 22.05% of the stock is owned by insiders.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members' dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.

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