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

goeasy (TSE:GSY) had its price objective decreased by ATB Cormark Capital Markets from C$42.00 to C$35.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 24.11% from the company’s previous close.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada reduced their price target on goeasy from C$33.00 to C$30.00 and set an “underperform” rating on the stock in a report on Thursday. Scotiabank lowered shares of goeasy from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$55.00 to C$39.00 in a report on Tuesday, April 28th. TD Securities reduced their price objective on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. National Bank Financial reduced their price objective on shares of goeasy from C$38.00 to C$34.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group reduced their price objective on shares of goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$36.56.

goeasy Trading Down 4.1%

Shares of TSE GSY traded down C$1.22 during trading on Thursday, hitting C$28.20. 315,093 shares of the company were exchanged, compared to its average volume of 316,342. goeasy has a 12-month low of C$27.88 and a 12-month high of C$216.50. The company has a debt-to-equity ratio of 543.86, a quick ratio of 28.46 and a current ratio of 23.15. The company has a fifty day moving average price of C$42.23 and a 200-day moving average price of C$99.60. The firm has a market capitalization of C$452.16 million, a PE ratio of -2.62, a P/E/G ratio of 0.84 and a beta of 1.05.

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

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.