goeasy (TSE:GSY) Price Target Cut to C$47.00 by Analysts at Desjardins

goeasy (TSE:GSY) had its target price lowered by investment analysts at Desjardins from C$64.00 to C$47.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 33.71% from the stock’s current price.

A number of other research analysts have also commented on the company. National Bank Financial lowered their price target on goeasy from C$50.00 to C$38.00 in a research report on Thursday. Royal Bank Of Canada cut their price objective on goeasy from C$52.00 to C$33.00 in a research report on Thursday. Jefferies Financial Group reduced their target price on goeasy from C$50.00 to C$39.00 in a research note on Thursday. ATB Cormark Capital Markets decreased their target price on goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Finally, Raymond James Financial dropped their price target on goeasy from C$77.00 to C$50.00 in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$72.00.

goeasy Trading Down 5.9%

Shares of GSY stock traded down C$2.21 during mid-day trading on Thursday, reaching C$35.15. The stock had a trading volume of 244,841 shares, compared to its average volume of 332,645. The firm has a market capitalization of C$563.31 million, a PE ratio of 2.56, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16. The stock’s 50-day moving average price is C$92.40 and its two-hundred day moving average price is C$127.64. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. goeasy has a 52-week low of C$33.13 and a 52-week high of C$216.50.

goeasy (TSE:GSY) last posted its earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The firm had revenue of C$446.40 million for the quarter. goeasy had a return on equity of 19.42% and a net margin of 14.07%. Equities analysts expect that goeasy will post 20.3207343 earnings per share for the current fiscal 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.