goeasy (TSE:GSY) Price Target Raised to C$56.00 at Desjardins

Key Points

• Desjardins raised goeasy’s price target to C$56 from C$38 and maintained a “buy” rating, implying approximately 20.48% upside from the reported share price.
• Analyst sentiment remains mixed: one analyst rates the stock “buy,” six rate it “hold,” and two rate it “sell.” MarketBeat reports an average rating of “Reduce” and an average price target of C$42.89.
• goeasy reported quarterly EPS of C$1.02 and revenue of C$390.04 million, alongside a negative net margin of 15.76% and negative return on equity of 26.45%.

goeasy (TSE:GSY - Get Free Report) had its price target increased by Desjardins from C$38.00 to C$56.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price target points to a potential upside of 20.48% from the stock's current price.

A number of other research analysts have also commented on the stock. ATB Cormark Capital Markets lowered shares of goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price objective on the stock. in a research note on Wednesday, July 29th. National Bank Financial increased their price target on goeasy from C$34.00 to C$43.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. BMO Capital Markets lowered their price target on goeasy from C$45.00 to C$36.00 in a research report on Wednesday, May 13th. Jefferies Financial Group boosted their price objective on goeasy from C$45.00 to C$51.00 in a research note on Monday. Finally, Royal Bank Of Canada upped their price objective on goeasy from C$30.00 to C$35.00 in a report on Monday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, goeasy has an average rating of "Reduce" and an average price target of C$42.89.

goeasy Stock Performance

TSE:GSY traded down C$3.42 during midday trading on Monday, reaching C$46.48. 184,241 shares of the company traded hands, compared to its average volume of 252,770. goeasy has a twelve month low of C$27.60 and a twelve month high of C$216.50. The firm has a market capitalization of C$745.26 million, a price-to-earnings ratio of -2.85, a price-to-earnings-growth ratio of 0.84 and a beta of 1.39. The company has a debt-to-equity ratio of 599.13, a current ratio of 28.22 and a quick ratio of 28.46. The company has a fifty day moving average price of C$44.56 and a 200 day moving average price of C$59.40.

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 return on equity of 26.45% and a negative net margin of 15.76%.The firm had revenue of C$390.04 million for the quarter. On average, 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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