National Bank Financial Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its target price reduced by stock analysts at National Bank Financial from C$38.00 to C$34.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 13.37% from the company’s previous close.

GSY has been the topic of a number of other research reports. Royal Bank Of Canada dropped their target price on goeasy from C$52.00 to C$33.00 in a report on Thursday, April 2nd. TD Securities dropped their target price on goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Desjardins dropped their target price on goeasy from C$64.00 to C$47.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. BMO Capital Markets dropped their target price on goeasy from C$45.00 to C$36.00 in a report on Wednesday. Finally, Raymond James Financial dropped their target price on goeasy from C$50.00 to C$46.50 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$36.56.

goeasy Trading Up 5.2%

Shares of TSE GSY opened at C$29.99 on Thursday. goeasy has a 12 month low of C$27.60 and a 12 month high of C$216.50. The company has a 50 day simple moving average of C$39.07 and a two-hundred day simple moving average of C$98.15. The stock has a market cap of C$480.86 million, a price-to-earnings ratio of -2.78, a PEG ratio of 0.84 and a beta of 1.05.

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. The business had revenue of C$412.86 million for the quarter. Analysts forecast that goeasy will post 20.3207343 EPS for the current year.

goeasy News Summary

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Raymond James Financial assigned a new C$42.00 price target, indicating continued confidence in goeasy’s recovery potential. goeasy (TSE:GSY) Given New C$42.00 Price Target at Raymond James Financial
• Positive Sentiment: National Bank Financial set a new C$34.00 target, and Desjardins still rates the stock a “buy” despite lowering its target to C$38.00. goeasy (TSE:GSY) Given New C$34.00 Price Target at National Bank Financial goeasy (TSE:GSY) Price Target Lowered to C$38.00 at Desjardins
• Neutral Sentiment: Multiple firms reduced estimates, including BMO Capital Markets to C$36.00 and ATB Cormark to C$35.00, while RBC cut its target to C$30.00 and reiterated an “underperform” rating. goeasy (TSE:GSY) Price Target Cut to C$36.00 by Analysts at BMO Capital Markets goeasy (TSE:GSY) Price Target Lowered to C$35.00 at ATB Cormark Capital Markets goeasy (TSE:GSY) Price Target Cut to C$30.00 by Analysts at Royal Bank Of Canada
• Negative Sentiment: The broad pattern of target cuts points to analyst caution around goeasy’s near-term fundamentals, even though most revised targets remain above the current trading level.

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.