goeasy (TSE:GSY) Price Target Cut to C$46.50 by Analysts at Raymond James Financial

Key Points

• Raymond James cut its target on goeasy to C$46.50 (from C$50) while keeping a "market perform" rating, implying roughly a 49% upside from the stock's previous close.
• Several major brokers—including Jefferies, National Bank, RBC, BMO and Scotiabank—have lowered price targets and/or downgraded the stock, leaving a consensus analyst rating of Hold.
• goeasy traded at C$31.20 with a 52‑week range of C$30.14–C$216.50; the company reported a quarterly loss (EPS C($8.93)) and has negative ROE and net margin, signaling strained fundamentals.

goeasy (TSE:GSY - Get Free Report) had its target price cut by Raymond James Financial from C$50.00 to C$46.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "market perform" rating on the stock. Raymond James Financial's target price would indicate a potential upside of 49.04% from the company's previous close.

Several other research firms have also issued reports on GSY. Jefferies Financial Group decreased their price target on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. National Bank Financial decreased their price target on shares of goeasy from C$50.00 to C$38.00 in a research report on Thursday, April 2nd. BMO Capital Markets lowered shares of goeasy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. Royal Bank Of Canada dropped their price target on shares of goeasy from C$52.00 to C$33.00 in a research report on Thursday, April 2nd. Finally, Scotiabank cut shares of goeasy from a "sector outperform" rating to a "sector perform" rating and cut their price target for the stock from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$54.50.

goeasy Stock Performance

TSE GSY traded down C$0.83 during midday trading on Tuesday, hitting C$31.20. The company had a trading volume of 151,654 shares, compared to its average volume of 319,198. The company has a quick ratio of 28.46, a current ratio of 23.15 and a debt-to-equity ratio of 543.86. The stock has a market cap of C$500.26 million, a price-to-earnings ratio of -2.89, a P/E/G ratio of 0.84 and a beta of 1.33. The firm has a fifty day simple moving average of C$53.21 and a two-hundred day simple moving average of C$105.97. goeasy has a fifty-two week low of C$30.14 and a fifty-two week high of C$216.50.

goeasy (TSE:GSY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported C($8.93) earnings per share (EPS) for the quarter. The company had revenue of C$368.69 million during the quarter. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%. Equities analysts forecast that goeasy will post 20.3207343 earnings per share 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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