Raymond James Financial Has Lowered Expectations for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its target price lowered by equities researchers at Raymond James Financial from C$77.00 to C$50.00 in a research note issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective would suggest a potential upside of 42.25% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group cut goeasy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Scotiabank reduced their price objective on goeasy from C$61.00 to C$55.00 in a research report on Thursday. ATB Cormark Capital Markets lowered their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. National Bank Financial cut goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada cut their target price on goeasy from C$52.00 to C$33.00 in a research note on Thursday. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$72.00.

goeasy Price Performance

Shares of TSE GSY traded down C$2.21 during mid-day trading on Thursday, reaching C$35.15. The company’s stock had a trading volume of 244,841 shares, compared to its average volume of 332,645. The stock has a 50-day moving average of C$92.40 and a two-hundred day moving average of C$127.64. The company has a debt-to-equity ratio of 383.82, a quick ratio of 28.46 and a current ratio of 42.83. The stock has a market capitalization of C$563.31 million, a P/E ratio of 2.56, a P/E/G ratio of 0.84 and a beta of 0.16. goeasy has a 1-year low of C$33.13 and a 1-year high of C$216.50.

goeasy (TSE:GSY) last posted its quarterly earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. goeasy had a return on equity of 19.42% and a net margin of 14.07%.The business had revenue of C$446.40 million for the quarter. On average, equities research analysts anticipate that goeasy will post 20.3207343 EPS for the current fiscal 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.