National Bank Financial Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price target cut by equities research analysts at National Bank Financial from C$38.00 to C$34.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 20.57% from the company’s current price.

GSY has been the topic of several other research reports. Scotiabank lowered shares of goeasy from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. ATB Cormark Capital Markets lowered shares of goeasy from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from C$85.00 to C$42.00 in a research report on Thursday, April 2nd. TD Securities reduced their price target on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Jefferies Financial Group reduced their price target on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. Finally, Raymond James Financial reduced their price target on shares of goeasy from C$50.00 to C$46.50 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, goeasy presently has a consensus rating of “Hold” and a consensus target price of C$36.56.

goeasy Stock Performance

Shares of GSY traded down C$1.22 during mid-day 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. goeasy has a 52 week low of C$27.88 and a 52 week high of C$216.50. The stock’s 50-day simple moving average is C$42.23 and its 200-day simple moving average is C$99.60. The firm has a market cap of C$452.16 million, a price-to-earnings ratio of -2.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The company has a quick ratio of 28.46, a current ratio of 23.15 and a debt-to-equity ratio of 543.86.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, May 12th. The company reported C($1.90) 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$412.86 million for the quarter. On average, equities 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.