BMO Capital Markets Cuts goeasy (TSE:GSY) Price Target to C$36.00

goeasy (TSE:GSY) had its price target trimmed by BMO Capital Markets from C$45.00 to C$36.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. ATB Cormark Capital Markets lowered goeasy from a “moderate buy” rating to a “hold” rating and lowered their price objective for the company from C$85.00 to C$42.00 in a report on Thursday, April 2nd. TD Securities lowered their price objective on goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Royal Bank Of Canada lowered their price objective on goeasy from C$52.00 to C$33.00 in a report on Thursday, April 2nd. Jefferies Financial Group lowered their price objective on goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. Finally, Desjardins lowered their price objective on goeasy from C$64.00 to C$47.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. One equities 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. Based on data from MarketBeat.com, goeasy currently has an average rating of “Hold” and an average price target of C$36.56.

goeasy Price Performance

Shares of GSY stock opened at C$29.99 on Wednesday. goeasy has a fifty-two week low of C$27.60 and a fifty-two week high of C$216.50. The stock’s 50-day moving average is C$39.07 and its two-hundred day moving average is C$98.15. The firm has a market cap of C$480.86 million, a P/E ratio of -2.78, a PEG ratio of 0.84 and a beta of 1.05.

goeasy (TSE:GSY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The company had revenue of C$412.86 million for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. As a group, research analysts expect that goeasy will post 20.3207343 EPS for the current year.

Trending Headlines about goeasy

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Raymond James Financial assigned a new C$42.00 price target, indicating continued confidence in goeasy’s recovery potential. goeasy (TSE:GSY) Given New C$42.00 Price Target at Raymond James Financial
• Positive Sentiment: National Bank Financial set a new C$34.00 target, and Desjardins still rates the stock a “buy” despite lowering its target to C$38.00. goeasy (TSE:GSY) Given New C$34.00 Price Target at National Bank Financial goeasy (TSE:GSY) Price Target Lowered to C$38.00 at Desjardins
• Neutral Sentiment: Multiple firms reduced estimates, including BMO Capital Markets to C$36.00 and ATB Cormark to C$35.00, while RBC cut its target to C$30.00 and reiterated an “underperform” rating. goeasy (TSE:GSY) Price Target Cut to C$36.00 by Analysts at BMO Capital Markets goeasy (TSE:GSY) Price Target Lowered to C$35.00 at ATB Cormark Capital Markets goeasy (TSE:GSY) Price Target Cut to C$30.00 by Analysts at Royal Bank Of Canada
• Negative Sentiment: The broad pattern of target cuts points to analyst caution around goeasy’s near-term fundamentals, even though most revised targets remain above the current trading level.

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.