goeasy (TSE:GSY) Cut to Hold at Desjardins

Desjardins downgraded shares of goeasy (TSE:GSY) from a buy rating to a hold rating in a research note published on Wednesday, MarketBeat reports. They currently have C$44.00 price target on the stock, down from their prior price target of C$56.00.

Other equities analysts have also recently issued reports about the company. ATB Cormark Capital Markets cut goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price objective for the company. in a report on Wednesday, July 29th. National Bank Financial increased their price objective on goeasy from C$43.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their price objective on goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. Raymond James Financial boosted their target price on goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group boosted their target price on goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of C$40.33.

goeasy Stock Up 4.2%

Shares of TSE:GSY opened at C$40.30 on Wednesday. The firm has a market capitalization of C$646.17 million, a PE ratio of -1.93, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The company has a debt-to-equity ratio of 567.75, a quick ratio of 28.46 and a current ratio of 24.16. goeasy has a 52-week low of C$27.60 and a 52-week high of C$140.12. The firm has a fifty day moving average of C$43.40 and a 200 day moving average of C$51.89.

goeasy (TSE:GSY) last released its quarterly earnings results on Tuesday, November 10th. The company reported C($0.94) earnings per share for the quarter. goeasy had a negative net margin of 24.15% and a negative return on equity of 48.47%. The firm had revenue of C$371.65 million for the quarter. As a group, research analysts anticipate that goeasy will post 20.32 EPS for the current fiscal year.

Insider Buying and Selling at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$44,270.38. Following the transaction, the insider owned 505 shares in the company, valued at approximately C$22,836.10. This trade represents a 65.97% decrease in their ownership of the stock. Insiders sold a total of 4,837 shares of company stock worth $217,486 over the last ninety days. Corporate insiders own 22.05% of the company’s stock.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.