goeasy Ltd. (TSE:GSY) Stock Has Average Target Price of C$42.89

Key Points

• Analyst sentiment is cautious: goeasy has an average “Reduce” rating from nine analysts, with two sell, six hold and one buy recommendation. The average 12-month price target is C$42.89.
• Several analysts recently raised their price targets, ranging from C$35 to C$56, while generally maintaining market-perform or sector-perform ratings; Desjardins was the only firm in the group to issue a buy rating.
• goeasy reported C$1.02 in quarterly EPS and C$390.04 million in revenue, but posted a negative 20.21% net margin and 37.13% return on equity. Insiders sold 4,837 shares worth approximately C$217,486 over the past three months.

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

A number of equities analysts recently commented on GSY shares. Raymond James Financial raised 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 report on Tuesday, July 21st. National Bank Financial lifted their price objective on shares of goeasy from C$43.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Monday, August 10th. Jefferies Financial Group boosted their price objective on shares of goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. Desjardins increased their target price on shares of goeasy from C$38.00 to C$56.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada increased their target price on shares of goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th.

goeasy Stock Performance

GSY opened at C$43.72 on Thursday. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46. The business has a fifty day simple moving average of C$43.16 and a 200 day simple moving average of C$57.18. goeasy has a 1 year low of C$27.60 and a 1 year high of C$172.50. The company has a market capitalization of C$701.01 million, a PE ratio of -2.09, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14.

goeasy (TSE:GSY - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%. The firm had revenue of C$390.04 million for the quarter. Research analysts expect that goeasy will post 20.32 EPS for the current year.

Insider Activity

In related news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total value of C$44,270.38. Following the completion of the sale, the insider directly owned 505 shares in the company, valued at approximately C$22,836.10. The trade was a 65.97% decrease in their ownership of the stock. Insiders sold 4,837 shares of company stock valued at $217,486 in the last three months. Insiders own 22.05% of the company's stock.

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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