goeasy (TSE:GSY) Downgraded to "Hold" Rating by Raymond James Financial

Key Points

• Raymond James downgraded goeasy from "moderate buy" to "hold" and cut its target to C$153 from C$208, implying roughly a 17% upside from the stock's prior close.
• Several other brokers have trimmed targets (BMO, RBC, TD, National Bankshares) while Scotiabank upgraded to "outperform"; consensus remains a Moderate Buy with an average target of C$196.13 (five Buys, two Holds).
• goeasy is trading near C$130.75 with a market cap of C$2.10B and a P/E of 9.54, but carries very high leverage (debt-to-equity ~287.63) and reported quarterly EPS of C$4.12 on C$440.2M revenue.

goeasy (TSE:GSY - Get Free Report) was downgraded by research analysts at Raymond James Financial from a "moderate buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a C$153.00 target price on the stock, down from their prior target price of C$208.00. Raymond James Financial's price objective points to a potential upside of 17.02% from the stock's previous close.

Several other brokerages have also issued reports on GSY. BMO Capital Markets decreased their price target on shares of goeasy from C$232.00 to C$226.00 in a report on Thursday, November 6th. Royal Bank Of Canada lowered their price target on goeasy from C$194.00 to C$156.00 in a report on Friday, November 7th. Scotiabank raised goeasy from a "hold" rating to an "outperform" rating and set a C$225.00 price target on the stock in a research report on Thursday, October 16th. National Bankshares lowered their target price on goeasy from C$265.00 to C$245.00 in a research note on Thursday, November 6th. Finally, TD Securities cut their price target on shares of goeasy from C$210.00 to C$160.00 and set a "buy" rating on the stock in a research note on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$196.13.

goeasy Trading Up 1.3%

TSE:GSY traded up C$1.67 during mid-day trading on Wednesday, hitting C$130.75. The company had a trading volume of 6,219 shares, compared to its average volume of 79,787. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The firm has a market cap of C$2.10 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.84 and a beta of 0.92. The business's fifty day moving average is C$150.29 and its two-hundred day moving average is C$170.03. goeasy has a fifty-two week low of C$117.52 and a fifty-two week high of C$216.50.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$4.12 earnings per share for the quarter. goeasy had a net margin of 19.49% and a return on equity of 25.26%. The business had revenue of C$440.22 million for the quarter. As a group, research analysts expect 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.