TD Securities Has Lowered Expectations for goeasy (TSE:GSY) Stock Price

Key Points

• TD Securities cut its price target on goeasy from C$44.00 to C$36.00 and kept a "hold" rating, implying only about a 2.4% upside from the current price.
• Several other brokers (including ATB Cormark, BMO, Scotiabank, National Bank and Jefferies) have also lowered targets recently, leaving the consensus analyst view at "Hold" with an average price target of C$72.00 (analyst mix: 2 Buy, 6 Hold, 1 Sell).
• Shares trade around C$35.15, near a 52-week low of C$33.13 (vs a 52-week high of C$216.50), with market capitalization ~C$563M and a very high debt-to-equity ratio (~383.8), highlighting capital-structure risk amid weak recent performance.

goeasy (TSE:GSY - Get Free Report) had its price target dropped by research analysts at TD Securities from C$44.00 to C$36.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD Securities' price objective points to a potential upside of 2.42% from the company's current price.

Several other research firms have also recently commented on GSY. ATB Cormark Capital Markets cut their price target on goeasy from C$200.00 to C$185.00 and set an "outperform" rating for the company in a report on Friday, February 13th. BMO Capital Markets cut goeasy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. Scotiabank cut their target price on goeasy from C$61.00 to C$55.00 in a research note on Thursday. National Bank Financial reduced their price target on goeasy from C$50.00 to C$38.00 in a report on Thursday. Finally, Jefferies Financial Group lowered their price target on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$72.00.

goeasy Price Performance

TSE GSY traded down C$2.21 during trading hours on Thursday, hitting C$35.15. 244,841 shares of the company's stock traded hands, compared to its average volume of 332,645. goeasy has a 52-week low of C$33.13 and a 52-week high of C$216.50. The company has a market capitalization of C$563.31 million, a PE ratio of 2.56, a PEG ratio of 0.84 and a beta of 0.16. The company has a debt-to-equity ratio of 383.82, a current ratio of 42.83 and a quick ratio of 28.46. The firm's 50-day moving average is C$92.40 and its 200-day moving average is C$127.64.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. The business had revenue of C$446.40 million during the quarter. Equities analysts forecast that goeasy will post 20.3207343 EPS 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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