ATB Cormark Capital Markets Cuts goeasy (TSE:GSY) Price Target to C$35.00

goeasy (TSE:GSY) had its price target cut by investment analysts at ATB Cormark Capital Markets from C$42.00 to C$35.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 24.11% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada dropped their target price on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday. TD Securities dropped their target price on goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. National Bank Financial cut their target price 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. Jefferies Financial Group cut their target price on shares of goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. Finally, Raymond James Financial cut their target price on shares of goeasy from C$46.50 to C$42.00 and set a “market perform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$36.56.

goeasy Trading Down 4.1%

TSE GSY traded down C$1.22 during trading on Thursday, hitting C$28.20. The stock had a trading volume of 315,093 shares, compared to its average volume of 316,342. The company has a market capitalization of C$452.16 million, a PE ratio of -2.62, a PEG ratio of 0.84 and a beta of 1.05. The company has a quick ratio of 28.46, a current ratio of 23.15 and a debt-to-equity ratio of 543.86. The firm has a 50 day moving average price of C$42.23 and a 200 day moving average price of C$99.60. goeasy has a twelve month low of C$27.88 and a twelve month high of C$216.50.

goeasy (TSE:GSY) last released its earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share for the quarter. The firm had revenue of C$412.86 million during the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%. As a group, equities research analysts forecast that goeasy will post 20.3207343 earnings per share 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.