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

goeasy (TSE:GSY) had its target price reduced by Desjardins from C$47.00 to C$38.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 34.75% from the company’s current price.

A number of other research firms have also weighed in on GSY. TD Securities lowered their price objective 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. Jefferies Financial Group lowered their price objective on shares of goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. BMO Capital Markets lowered their price objective on shares of goeasy from C$45.00 to C$36.00 in a research note on Wednesday. Raymond James Financial lowered their price objective on shares of goeasy from C$46.50 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Royal Bank Of Canada decreased their price target on shares of goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$36.56.

goeasy Trading Down 4.1%

Shares of TSE GSY traded down C$1.22 during mid-day trading on Thursday, reaching C$28.20. The company had a trading volume of 315,093 shares, compared to its average volume of 316,342. The business’s 50-day moving average is C$42.23 and its 200-day moving average is C$99.60. The company has a current ratio of 23.15, a quick ratio of 28.46 and a debt-to-equity ratio of 543.86. The stock has a market cap of C$452.16 million, a price-to-earnings ratio of -2.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. goeasy has a 52 week low of C$27.88 and a 52 week high of C$216.50.

goeasy (TSE:GSY) last posted its quarterly earnings results 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 return on equity of 16.05% and a negative net margin of 10.51%. Equities analysts expect that goeasy will post 20.3207343 earnings per share for the current 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.