goeasy Ltd. (TSE:GSY) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• goeasy has a consensus “Reduce” rating from nine analysts: two recommend selling, six advise holding, and one recommends buying. The average 12-month price target is C$42.89, below the reported share price of C$45.80.
• Analyst views and targets have shifted significantly, with targets ranging from C$36 to C$56. Recent actions included downgrades and target cuts from BMO Capital Markets and Scotiabank, while Desjardins and National Bank raised their targets.
• In its latest quarter, goeasy reported EPS of C$1.02 and revenue of C$390.04 million, but posted a negative net margin of 20.21% and negative return on equity of 37.13%.

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) have received a consensus rating of "Reduce" from the nine brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$42.89.

Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on goeasy from C$45.00 to C$36.00 in a research report on Wednesday, May 13th. National Bank Financial lifted their target price on goeasy from C$43.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Monday, August 10th. Desjardins boosted their price target 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. Scotiabank cut goeasy from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. Finally, Raymond James Financial increased their price target on 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.

goeasy Trading Up 2.0%

Shares of TSE:GSY opened at C$45.80 on Friday. The company has a quick ratio of 28.46, a current ratio of 22.81 and a debt-to-equity ratio of 558.73. The company's 50-day moving average price is C$45.12 and its 200 day moving average price is C$56.97. The company has a market cap of C$734.36 million, a PE ratio of -2.19, a P/E/G ratio of 0.84 and a beta of 1.39. goeasy has a fifty-two week low of C$27.60 and a fifty-two week high of C$216.50.

goeasy (TSE:GSY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. The firm had revenue of C$390.04 million during the quarter. Sell-side analysts anticipate that goeasy will post 20.3207343 earnings per share for the current year.

About goeasy

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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