goeasy (TSE:GSY) Sets New 1-Year Low - Here's What Happened

Key Points

• goeasy hit a new 52-week low — shares traded as low as C$30.67 and last at C$31.58 on Monday with about 73,380 shares changing hands (market cap ~C$510.8M).
• Multiple analysts sharply lowered price targets on April 2 (e.g., Jefferies to C$39, National Bank to C$38, Raymond James to C$50, TD to C$36), and the stock carries a consensus "Hold" rating with a consensus price target of C$72.00.
• goeasy reported a large quarterly loss (EPS C($20.25)), a negative net margin (10.51%) and ROE (−16.05%), and an extremely high debt-to-equity ratio (543.86), indicating significant financial stress.

goeasy Ltd. (TSE:GSY - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as C$30.67 and last traded at C$31.58, with a volume of 73380 shares changing hands. The stock had previously closed at C$31.37.

Wall Street Analysts Forecast Growth

GSY has been the topic of a number of recent research reports. Jefferies Financial Group cut their price target on shares of goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. National Bank Financial lowered their price objective on shares of goeasy from C$50.00 to C$38.00 in a research note on Thursday, April 2nd. Scotiabank dropped their price objective on shares of goeasy from C$61.00 to C$55.00 in a report on Thursday, April 2nd. Raymond James Financial cut their target price on shares of goeasy from C$77.00 to C$50.00 in a research note on Thursday, April 2nd. Finally, TD Securities decreased their price target on shares of goeasy from C$44.00 to C$36.00 and set a "hold" rating for the company in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, goeasy has a consensus rating of "Hold" and a consensus price target of C$72.00.

goeasy Stock Performance

The stock has a 50-day moving average price of C$79.17 and a 200 day moving average price of C$119.14. 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 firm has a market capitalization of C$510.81 million, a price-to-earnings ratio of -2.96, a P/E/G ratio of 0.84 and a beta of 1.33.

goeasy (TSE:GSY - Get Free Report) last issued its earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%. The firm had revenue of C$446.40 million during the quarter. On average, analysts forecast that goeasy Ltd. 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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