ATB Cormark Capital Markets Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price target decreased by ATB Cormark Capital Markets from C$42.00 to C$35.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 16.71% from the stock’s previous close.

A number of other research analysts also recently commented on the company. Jefferies Financial Group lowered their price objective on goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. Raymond James Financial lowered their price objective on goeasy from C$46.50 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday. Desjardins lowered their price objective on goeasy from C$47.00 to C$38.00 and set a “buy” rating for the company in a research note on Thursday. Scotiabank downgraded goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. Finally, BMO Capital Markets lowered their price objective on goeasy from C$45.00 to C$36.00 in a research note on Wednesday. One equities 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 MarketBeat.com, goeasy presently has a consensus rating of “Hold” and an average price target of C$36.56.

goeasy Trading Up 5.2%

GSY stock opened at C$29.99 on Thursday. The firm has a market cap of C$480.86 million, a P/E ratio of -2.78, a P/E/G ratio of 0.84 and a beta of 1.05. goeasy has a 12-month low of C$27.60 and a 12-month high of C$216.50. The stock’s 50 day simple moving average is C$39.07 and its 200 day simple moving average is C$98.15.

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

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.