National Bank Financial Lowers goeasy (TSE:GSY) Price Target to C$38.00

Key Points

• National Bank Financial cut its price target on goeasy to C$38.00 (from C$50.00), implying roughly an 8.1% upside, while multiple other brokers have trimmed targets and the consensus analyst rating is Hold with a consensus target of C$72.00.
• Shares fell about 5.9% to C$35.15 on the trading session following the notes, with a market cap of C$563.3M and the stock trading near its 52-week low of C$33.13 versus a 52-week high of C$216.50.
• goeasy reported quarterly results showing a loss of C($20.25) per share on C$446.4M of revenue, while sell-side analysts collectively forecast about 20.32 EPS for the current fiscal year.

goeasy (TSE:GSY - Get Free Report) had its price target lowered by equities researchers at National Bank Financial from C$50.00 to C$38.00 in a research note issued on Thursday,BayStreet.CA reports. National Bank Financial's price target would indicate a potential upside of 8.11% from the stock's previous close.

A number of other research firms have also weighed in on GSY. BMO Capital Markets lowered shares of goeasy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. TD Securities lowered goeasy from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$160.00 to C$135.00 in a report on Monday, January 19th. Scotiabank lowered their price objective on goeasy from C$61.00 to C$55.00 in a research note on Thursday. 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 report on Friday, February 13th. Finally, Raymond James Financial cut their target price on goeasy from C$77.00 to C$50.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$72.00.

goeasy Stock Down 5.9%

GSY stock traded down C$2.21 during midday trading on Thursday, reaching C$35.15. 244,841 shares of the company's stock traded hands, compared to its average volume of 332,645. The company has a market cap 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. The firm's fifty day moving average price is C$92.40 and its 200-day moving average price is C$127.64. The company has a quick ratio of 28.46, a current ratio of 42.83 and a debt-to-equity ratio of 383.82. goeasy has a 52 week low of C$33.13 and a 52 week high of C$216.50.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The business had revenue of C$446.40 million during the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. As a group, sell-side 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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