goeasy Ltd. (GSY.TO) – What Are Researchers Thinking About This Stock?

goeasy Ltd. (TSE:GSY) has been assigned an average recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$42.89.

A number of equities research analysts recently commented on the stock. ATB Cormark Capital Markets downgraded shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price objective for the company. in a research report on Wednesday, July 29th. Raymond James Financial lifted their price objective on goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a report on Tuesday, July 21st. National Bank Financial boosted their target price on goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada increased their target price on goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. Finally, Desjardins raised their price target on goeasy from C$38.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, August 10th.

goeasy Stock Up 4.6%

GSY stock opened at C$47.72 on Thursday. goeasy has a one year low of C$27.60 and a one year high of C$169.42. The stock has a market capitalization of C$765.14 million, a PE ratio of -2.29, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 558.73, a quick ratio of 28.46 and a current ratio of 22.81. The company has a fifty day moving average of C$43.46 and a 200-day moving average of C$54.93.

goeasy (TSE:GSY) last issued its earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. The business had revenue of C$390.04 million for the quarter. As a group, analysts expect that goeasy will post 20.32 EPS for the current year.

Insiders Place Their Bets

In other goeasy news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total value of C$117,165.02. Insiders sold a total of 4,837 shares of company stock worth $217,486 over the last quarter. Corporate insiders own 22.05% of the company’s stock.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.