goeasy (TSE:GSY) Cut to “Underperform” at ATB Cormark Capital Markets

ATB Cormark Capital Markets lowered shares of goeasy (TSE:GSY) from a market perform rating to an underperform rating in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has C$35.00 target price on the stock.

Several other research firms have also issued reports on GSY. Jefferies Financial Group decreased their price target on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. TD Securities reduced their target price on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Desjardins decreased their target price on goeasy from C$47.00 to C$38.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. BMO Capital Markets lowered their price target on goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. Finally, National Bank Financial upped their price target on goeasy from C$34.00 to C$43.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of C$37.89.

goeasy Stock Down 2.5%

GSY opened at C$47.62 on Wednesday. The stock’s 50 day moving average price is C$43.58 and its two-hundred day moving average price is C$62.90. The firm has a market capitalization of C$763.54 million, a P/E ratio of -4.42, a price-to-earnings-growth ratio of 0.84 and a beta of 1.41. goeasy has a 12-month low of C$27.60 and a 12-month high of C$216.50.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The business had revenue of C$412.86 million for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. As a group, analysts anticipate that goeasy will post 20.3207343 earnings per share for the current 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.