goeasy (TSE:GSY) Price Target Lowered to C$50.00 at Raymond James Financial

Key Points

• Raymond James cut its price target on goeasy to C$50.00 (from C$77.00), a level Raymond James says still implies about a 42.25% upside from the stock's current price.
• Multiple firms have downgraded goeasy recently (several from "strong-buy" to "hold"); the MarketBeat consensus is a Hold rating with a consensus target of C$72.00 (2 Buy, 6 Hold, 1 Sell).
• goeasy traded at C$35.15 on the report, far below its 12‑month high of C$216.50, and recently reported quarterly EPS of C($20.25) with revenue of C$446.4M, a net margin of 14.07% and ROE of 19.42%.

goeasy (TSE:GSY - Get Free Report) had its price target reduced by equities researchers at Raymond James Financial from C$77.00 to C$50.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial's price target would suggest a potential upside of 42.25% from the stock's current price.

A number of other research analysts have also recently weighed in on the stock. National Bank Financial cut shares of goeasy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. ATB Cormark Capital Markets dropped their target price on goeasy from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a research report on Friday, February 13th. BMO Capital Markets lowered goeasy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. Jefferies Financial Group cut goeasy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. Finally, Scotiabank decreased their target price on goeasy from C$61.00 to C$55.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, goeasy has a consensus rating of "Hold" and a consensus target price of C$72.00.

goeasy Stock Performance

goeasy stock traded down C$2.21 during mid-day trading on Thursday, hitting C$35.15. The company had a trading volume of 244,841 shares, compared to its average volume of 332,645. The company has a market capitalization of C$563.31 million, a price-to-earnings ratio of 2.56, a P/E/G ratio of 0.84 and a beta of 0.16. goeasy has a 12-month low of C$33.13 and a 12-month high of C$216.50. The company's fifty day moving average is C$92.40 and its 200-day moving average is C$127.64. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82.

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