goeasy Ltd. (TSE:GSY) Stock Rated “Reduce” by Wall Street Brokerages

goeasy Ltd. (TSE:GSY) has earned an average rating of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$42.89.

Several analysts have recently weighed in on the company. Raymond James Financial upped their price objective on goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a report on Tuesday, July 21st. Royal Bank Of Canada lifted their target price on goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. National Bank Financial lifted their target price on goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. ATB Cormark Capital Markets cut shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price target on the stock. in a research report on Wednesday, July 29th. Finally, Desjardins upped their price target on shares of goeasy from C$38.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, August 10th.

goeasy Stock Performance

GSY opened at C$43.78 on Friday. The company has a market capitalization of C$701.97 million, a price-to-earnings ratio of -2.10, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46. goeasy has a 1-year low of C$27.60 and a 1-year high of C$173.00. The business has a 50 day moving average price of C$43.76 and a two-hundred day moving average price of C$40.62.

goeasy (TSE:GSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%. The firm had revenue of C$390.04 million during the quarter. Research analysts predict that goeasy will post 20.32 EPS for the current fiscal year.

Insider Activity

In other news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of goeasy 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$117,165.02. Over the last 90 days, insiders have sold 4,837 shares of company stock valued at $217,486. 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.