Raymond James Financial Has Lowered Expectations for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price target reduced by investment 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 presently has a “market perform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 40.05% from the company’s previous close.

A number of other research firms have also recently commented on GSY. BMO Capital Markets decreased their target price on shares of goeasy from C$45.00 to C$36.00 in a research report on Wednesday. Royal Bank Of Canada decreased their target price on shares of goeasy from C$52.00 to C$33.00 in a research report on Thursday, April 2nd. Scotiabank cut shares of goeasy from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. Desjardins decreased 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 report on Thursday, April 2nd. Finally, ATB Cormark Capital Markets cut shares of goeasy from a “moderate buy” rating to a “hold” rating and decreased their target price for the company from C$85.00 to C$42.00 in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$36.56.

goeasy Trading Up 5.2%

Shares of GSY stock opened at C$29.99 on Thursday. The company’s 50-day moving average price is C$39.07 and its 200-day moving average price is C$98.15. The stock has a market cap of C$480.86 million, a price-to-earnings ratio of -2.78, a PEG ratio of 0.84 and a beta of 1.05. goeasy has a twelve month low of C$27.60 and a twelve month high of C$216.50.

goeasy (TSE:GSY) last posted its earnings results on Tuesday, May 12th. The company reported C($1.90) EPS 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. As a group, equities research analysts predict that goeasy will post 20.3207343 EPS for the current year.

More goeasy News

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.

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.