Raymond James Financial Lowers goeasy (TSE:GSY) Price Target to C$42.00

goeasy (TSE:GSY) had its price target decreased by stock analysts at Raymond James Financial from C$46.50 to C$42.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 48.94% from the company’s current price.

A number of other brokerages have also recently commented on GSY. National Bank Financial dropped their price target on shares of goeasy from C$38.00 to C$34.00 and set a “sector perform” rating on the stock in a research note on Thursday. ATB Cormark Capital Markets cut shares of goeasy from a “moderate buy” rating to a “hold” rating and lowered their target price for the stock from C$85.00 to C$42.00 in a research note on Thursday, April 2nd. Desjardins lowered their target price on shares of goeasy from C$64.00 to C$47.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada lowered their target price on shares of goeasy from C$52.00 to C$33.00 in a research note on Thursday, April 2nd. Finally, Scotiabank cut shares of goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$36.56.

goeasy Stock Performance

Shares of GSY stock traded down C$1.22 during trading on Thursday, reaching C$28.20. 315,093 shares of the company’s stock traded hands, compared to its average volume of 316,342. The company has a market capitalization of C$452.16 million, a P/E ratio of -2.62, a PEG ratio of 0.84 and a beta of 1.05. 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 firm’s 50-day moving average is C$42.23 and its 200 day moving average is C$99.60. goeasy has a 1 year low of C$27.88 and a 1 year high of C$216.50.

goeasy (TSE:GSY) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The business had revenue of C$412.86 million for the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%. Equities research analysts expect that goeasy will post 20.3207343 EPS 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.