National Bank Financial Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

Key Points

• National Bank Financial raised goeasy’s price target from C$43 to C$53 while maintaining a “sector perform” rating, implying roughly 14% upside from the reported share price.
• Analyst sentiment remains mixed: the consensus rating is “Reduce,” with one Buy, six Hold, and two Sell ratings, and an average price target of C$42.89.
• goeasy reported quarterly revenue of C$390.04 million and earnings of C$1.02 per share, but posted 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 investment analysts at National Bank Financial from C$43.00 to C$53.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 14.03% from the company's current price.

A number of other brokerages have also issued reports on GSY. BMO Capital Markets dropped their price target on shares of goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. Raymond James Financial increased their target price on goeasy from C$42.00 to C$45.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 21st. Scotiabank cut goeasy from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from C$55.00 to C$39.00 in a report on Tuesday, April 28th. Royal Bank Of Canada lifted their price target on goeasy from C$30.00 to C$35.00 in a research note on Monday. Finally, ATB Cormark Capital Markets lowered goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price objective on the stock. in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of C$42.89.

goeasy Stock Performance

Shares of TSE GSY traded down C$3.42 during midday trading on Monday, reaching C$46.48. 184,241 shares of the company were exchanged, compared to its average volume of 252,770. The company has a current ratio of 28.22, a quick ratio of 28.46 and a debt-to-equity ratio of 599.13. goeasy has a 1 year low of C$27.60 and a 1 year high of C$216.50. The stock has a fifty day simple moving average of C$44.56 and a 200 day simple moving average of C$59.40. The stock has a market cap of C$745.26 million, a P/E ratio of -2.85, a PEG ratio of 0.84 and a beta of 1.39.

goeasy (TSE:GSY - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.The company had revenue of C$390.04 million during the quarter. On average, research analysts forecast that goeasy will post 20.3207343 earnings per share for the current fiscal 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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