goeasy Ltd. (TSE:GSY) Receives Average Recommendation of “Hold” from Brokerages

goeasy Ltd. (TSE:GSY) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$54.50.

A number of equities research analysts recently weighed in on GSY shares. Jefferies Financial Group lowered their price target on goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. Raymond James Financial lowered their price target on goeasy from C$50.00 to C$46.50 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Scotiabank cut goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$55.00 to C$39.00 in a report on Tuesday, April 28th. BMO Capital Markets cut goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, ATB Cormark Capital Markets cut goeasy from a “moderate buy” rating to a “hold” rating and lowered their price target for the stock from C$85.00 to C$42.00 in a report on Thursday, April 2nd.

goeasy Stock Performance

TSE GSY opened at C$30.80 on Thursday. The company has a current ratio of 23.15, a quick ratio of 28.46 and a debt-to-equity ratio of 543.86. The business’s 50 day moving average is C$45.29 and its two-hundred day moving average is C$101.45. goeasy has a 12-month low of C$30.14 and a 12-month high of C$216.50. The stock has a market capitalization of C$493.85 million, a price-to-earnings ratio of -2.86, a PEG ratio of 0.84 and a beta of 1.05.

goeasy (TSE:GSY) last released its earnings results on Wednesday, April 1st. The company reported C($8.93) 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 business had revenue of C$368.69 million for the quarter. Research analysts expect 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.