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

Key Points

• goeasy received a consensus “Reduce” rating from nine analysts: two sells, six holds, and one buy. The average 12-month price target is C$42.89.
• Recent analyst views were mixed, with Desjardins and Jefferies raising their price targets, while BMO Capital Markets and ATB Cormark lowered theirs; ATB also downgraded the stock to “underperform.”
• Insiders have sold 4,340 shares worth approximately C$196,239 over the past 90 days. The company reported C$1.02 in quarterly EPS and C$390.04 million in revenue, alongside negative net margin and return on equity.

goeasy Ltd. (TSE:GSY - Get Free Report) has been assigned an average recommendation of "Reduce" from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$42.89.

GSY has been the subject of a number of recent research reports. Desjardins boosted their target price on goeasy from C$38.00 to C$56.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Jefferies Financial Group increased their price target on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. Raymond James Financial lifted their price target on shares of goeasy from C$42.00 to C$45.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 21st. BMO Capital Markets lowered their price objective on shares of goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets cut shares of goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price objective for the company. in a research note on Wednesday, July 29th.

Insiders Place Their Bets

In other goeasy news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the completion of the sale, the insider directly owned 505 shares in the company, valued at C$22,836.10. This represents a 65.97% decrease in their ownership of the stock. Insiders have sold 4,340 shares of company stock valued at $196,239 over the last ninety days. Insiders own 22.05% of the company's stock.

goeasy Stock Performance

TSE GSY opened at C$42.50 on Wednesday. goeasy has a 52-week low of C$27.60 and a 52-week high of C$212.77. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81. The company has a market capitalization of C$681.45 million, a P/E ratio of -2.04, a P/E/G ratio of 0.84 and a beta of 1.33. The company has a fifty day moving average of C$46.04 and a 200-day moving average of C$46.52.

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

About goeasy

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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