Desjardins Has Lowered Expectations for goeasy (TSE:GSY) Stock Price

Key Points

• Desjardins cut its target on goeasy from C$64 to C$47 while keeping a "buy" rating, with the new target implying roughly a 33.7% upside from the prior close.
• Several other firms also trimmed targets and ratings; the street consensus is a Hold with an average price target of C$72 and an analyst split of 2 Buy, 6 Hold and 1 Sell.
• Shares fell to C$35.15 (near the 52‑week low of C$33.13) amid a market cap of C$563.3M and a low reported P/E of 2.56, signaling a significantly depressed valuation.

goeasy (TSE:GSY - Get Free Report) had its target price dropped by research analysts at Desjardins from C$64.00 to C$47.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 33.71% from the stock's previous close.

Several other research analysts also recently commented on the stock. Raymond James Financial decreased their price target on shares of goeasy from C$77.00 to C$50.00 in a research note on Thursday. BMO Capital Markets cut shares of goeasy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 10th. National Bank Financial reduced their target price on shares of goeasy from C$50.00 to C$38.00 in a report on Thursday. Jefferies Financial Group decreased their target price on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday. Finally, ATB Cormark Capital Markets lowered their price target on shares of goeasy from C$200.00 to C$185.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$72.00.

goeasy Price Performance

Shares of goeasy stock traded down C$2.21 during trading on Thursday, hitting C$35.15. 244,841 shares of the stock traded hands, compared to its average volume of 332,645. The company has a quick ratio of 28.46, a current ratio of 42.83 and a debt-to-equity ratio of 383.82. The stock has a market cap of C$563.31 million, a price-to-earnings ratio of 2.56, a PEG ratio of 0.84 and a beta of 0.16. The firm's fifty day moving average is C$92.40 and its 200-day moving average is C$127.64. goeasy has a 52 week low of C$33.13 and a 52 week high of C$216.50.

goeasy (TSE:GSY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The firm had revenue of C$446.40 million for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. Research analysts expect that goeasy will post 20.3207343 EPS for the current fiscal year.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.

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