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

goeasy (TSE:GSY) had its price objective lowered by equities researchers at Desjardins from C$47.00 to C$38.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 34.75% from the stock’s current price.

Several other brokerages have also commented on GSY. National Bank Financial decreased their price objective on shares of goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday. TD Securities cut their price target on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. ATB Cormark Capital Markets downgraded shares of goeasy from a “moderate buy” rating to a “hold” rating and cut their price target for the stock from C$85.00 to C$42.00 in a report on Thursday, April 2nd. Royal Bank Of Canada cut their price target on shares of goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a report on Thursday. Finally, Raymond James Financial cut their price target on shares of goeasy from C$46.50 to C$42.00 and set a “market perform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$36.56.

goeasy Stock Performance

Shares of goeasy stock traded down C$1.22 during midday trading on Thursday, hitting C$28.20. The company had a trading volume of 315,093 shares, compared to its average volume of 316,342. The stock has a market cap of C$452.16 million, a price-to-earnings ratio of -2.62, a PEG ratio of 0.84 and a beta of 1.05. 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 company has a fifty day simple moving average of C$42.23 and a 200 day simple moving average of C$99.60. goeasy has a 12-month low of C$27.88 and a 12-month high of C$216.50.

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The company had revenue of C$412.86 million during the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%. As a group, analysts predict that goeasy will post 20.3207343 earnings per share for the current fiscal year.

goeasy Company Profile

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.