Raymond James Financial Lowers goeasy (TSE:GSY) Price Target to C$42.00

goeasy (TSE:GSY) had its price objective dropped by research analysts at Raymond James Financial from C$46.50 to C$42.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 48.94% from the company’s current price.

A number of other brokerages also recently issued reports on GSY. ATB Cormark Capital Markets downgraded shares of goeasy from a “moderate buy” rating to a “hold” rating and reduced their price objective for the stock from C$85.00 to C$42.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada reduced their price objective on shares of goeasy from C$52.00 to C$33.00 in a research report on Thursday, April 2nd. TD Securities reduced 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 report on Thursday, April 2nd. Scotiabank downgraded shares of goeasy from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group reduced their price objective on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$36.56.

goeasy Stock Down 4.1%

Shares of TSE:GSY traded down C$1.22 during midday trading on Thursday, hitting C$28.20. 315,093 shares of the company’s stock were exchanged, compared to its average volume of 316,342. The company has a debt-to-equity ratio of 543.86, a current ratio of 23.15 and a quick ratio of 28.46. The stock has a 50 day moving average price of C$42.23 and a 200-day moving average price of C$99.60. The company has a market cap of C$452.16 million, a PE ratio of -2.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. goeasy has a 12 month low of C$27.88 and a 12 month high of C$216.50.

goeasy (TSE:GSY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) earnings per share (EPS) for the quarter. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%.The firm had revenue of C$412.86 million during the quarter. On average, sell-side analysts anticipate that goeasy will post 20.3207343 EPS 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.