goeasy (TSE:GSY) Trading Down 11.7% – Here’s Why

Shares of goeasy Ltd. (TSE:GSY) fell 11.7% during trading on Wednesday . The stock traded as low as C$33.65 and last traded at C$33.77. 164,677 shares traded hands during trading, a decline of 49% from the average session volume of 322,822 shares. The stock had previously closed at C$38.23.

More goeasy News

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Several firms still see upside after trimming targets — Desjardins cut its target to C$47 but kept a “buy” rating (≈34% upside). Article Title
• Positive Sentiment: Scotiabank trimmed its target to C$55 but still implies material upside (≈57%). Article Title
• Positive Sentiment: Raymond James lowered its target to C$50 from C$77 yet still models significant upside (≈43%). Article Title
• Neutral Sentiment: TD Securities cut its target to C$36 and moved to “hold” (minimal upside vs. current price). Article Title
• Neutral Sentiment: National Bank Financial lowered its target to C$38 (small mid‑single digit upside). Article Title Tickerreport
• Neutral Sentiment: Jefferies trimmed its target to C$39 (modest upside). Article Title
• Negative Sentiment: ATB Cormark downgraded goeasy from “speculative buy” to “sector perform” and cut its target to C$42 (rating downgrade increases negative pressure). Article Title
• Negative Sentiment: RBC lowered its target to C$33 — below the current price — signaling downside risk. Article Title
• Negative Sentiment: Reporting highlighted that Canadian banks have ~C$880M exposure to goeasy, raising counterparty/credit concerns and broader market caution. Reuters
• Negative Sentiment: goeasy reported a large Q4 loss driven by LendCare-related charges (reported ~$336.9M loss), a primary catalyst for reduced analyst targets and investor concern. MSN
• Negative Sentiment: Company Q4 release showed C($20.25) EPS on C$446.4M revenue — an earnings shock that directly pressured the share price. Press Release

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets downgraded shares of goeasy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. National Bank Financial decreased their price objective on shares of goeasy from C$50.00 to C$38.00 in a report on Thursday. Desjardins lowered their price objective on goeasy from C$64.00 to C$47.00 and set a “buy” rating on the stock in a research report on Thursday. ATB Cormark Capital Markets downgraded goeasy from a “speculative buy” rating to a “sector perform” rating and cut their target price for the company from C$85.00 to C$42.00 in a research note on Thursday. Finally, Raymond James Financial cut their target price on goeasy from C$77.00 to C$50.00 in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$72.00.

goeasy Stock Performance

The business’s fifty day moving average price is C$90.50 and its 200-day moving average price is C$126.99. The stock has a market cap of C$558.83 million, a PE ratio of 2.54, a P/E/G ratio of 0.84 and a beta of 0.16. The company has a debt-to-equity ratio of 383.82, a quick ratio of 28.46 and a current ratio of 42.83.

goeasy (TSE:GSY) last released its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The company had revenue of C$446.40 million for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. As a group, equities research analysts forecast that goeasy Ltd. will post 20.3207343 EPS for the current fiscal 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.