goeasy (TSE:GSY) Downgraded to Sector Perform Rating by ATB Cormark Capital Markets

goeasy (TSE:GSY) was downgraded by investment analysts at ATB Cormark Capital Markets from a “speculative buy” rating to a “sector perform” rating in a research note issued on Thursday,BayStreet.CA reports. They currently have a C$42.00 price objective on the stock, down from their prior price objective of C$85.00. ATB Cormark Capital Markets’ price objective indicates a potential upside of 19.49% from the stock’s current price.

GSY has been the topic of several other reports. Scotiabank reduced their price target on goeasy from C$61.00 to C$55.00 in a research report on Thursday. Desjardins dropped their price objective on goeasy from C$64.00 to C$47.00 and set a “buy” rating for the company in a report on Thursday. Raymond James Financial reduced their target price on goeasy from C$77.00 to C$50.00 in a report on Thursday. TD Securities decreased their target price on goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada lowered their price target on goeasy from C$52.00 to C$33.00 in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$72.00.

goeasy Trading Down 5.9%

Shares of GSY traded down C$2.21 on Thursday, reaching C$35.15. 244,841 shares of the company’s stock were exchanged, compared to its average volume of 332,645. The business has a 50 day moving average price of C$92.40 and a two-hundred day moving average price of C$127.64. goeasy has a 12 month low of C$33.13 and a 12 month high of C$216.50. The stock has a market capitalization of C$563.31 million, a P/E ratio of 2.56, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16. 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 (TSE:GSY) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share (EPS) for the quarter. The business had revenue of C$446.40 million during the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. Research analysts anticipate that goeasy will post 20.3207343 earnings per share for the current year.

goeasy Company Profile

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.