goeasy (TSE:GSY) Stock Rating Lowered by ATB Cormark Capital Markets

goeasy (TSE:GSY) was downgraded by research analysts at ATB Cormark Capital Markets from a “market perform” rating to an “underperform” rating in a research note issued on Wednesday,BayStreet.CA reports. They currently have a C$35.00 price objective on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential downside of 29.69% from the company’s current price.

GSY has been the subject of a number of other research reports. Royal Bank Of Canada dropped their target price on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. TD Securities reduced their target price on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Desjardins reduced their price objective on shares of goeasy from C$47.00 to C$38.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. National Bank Financial lifted their price objective on goeasy from C$34.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Jefferies Financial Group lowered their price target on goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of C$37.89.

goeasy Stock Performance

Shares of TSE GSY traded down C$1.21 during trading on Wednesday, reaching C$49.78. The company had a trading volume of 56,981 shares, compared to its average volume of 258,785. goeasy has a 52 week low of C$27.60 and a 52 week high of C$216.50. The business’s 50 day moving average price is C$42.80 and its 200-day moving average price is C$64.25. The stock has a market cap of C$798.17 million, a PE ratio of -4.62, a PEG ratio of 0.84 and a beta of 1.41.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. The company had revenue of C$412.86 million during the quarter. Equities analysts anticipate that goeasy will post 20.3207343 earnings per share 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.