goeasy (TSE:GSY) Rating Lowered to Hold at TD Securities

goeasy (TSE:GSY) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They currently have a C$135.00 target price on the stock, down from their prior target price of C$160.00. TD Securities’ price target indicates a potential upside of 4.53% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group reduced their target price on shares of goeasy from C$225.00 to C$194.00 in a research report on Monday, November 10th. BMO Capital Markets lowered their target price on goeasy from C$232.00 to C$226.00 in a research note on Thursday, November 6th. Royal Bank Of Canada cut their price target on goeasy from C$194.00 to C$156.00 in a research note on Friday, November 7th. Raymond James Financial lowered goeasy from a “moderate buy” rating to a “hold” rating and lowered their price objective for the stock from C$208.00 to C$153.00 in a research report on Wednesday, December 3rd. Finally, Scotiabank raised goeasy from a “hold” rating to an “outperform” rating and set a C$225.00 price objective for the company in a report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$193.00.

goeasy Price Performance

GSY traded down C$5.14 during midday trading on Monday, reaching C$129.15. 124,284 shares of the company’s stock were exchanged, compared to its average volume of 114,891. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The business has a 50-day simple moving average of C$129.10 and a two-hundred day simple moving average of C$164.28. The firm has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.64. goeasy has a one year low of C$117.52 and a one year high of C$216.50.

goeasy (TSE:GSY) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$4.12 earnings per share for the quarter. The company had revenue of C$440.22 million for the quarter. goeasy had a return on equity of 25.26% and a net margin of 19.49%. As a group, research analysts predict that goeasy will post 20.3207343 EPS 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.