goeasy Ltd. (TSE:GSY) Receives Average Rating of “Hold” from Brokerages

goeasy Ltd. (TSE:GSY) has earned an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$36.56.

A number of brokerages have commented on GSY. National Bank Financial lowered their target price on goeasy from C$38.00 to C$34.00 and set a “sector perform” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets cut their price objective on shares of goeasy from C$45.00 to C$36.00 in a research report on Wednesday, May 13th. Jefferies Financial Group reduced their price objective on shares of goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. Raymond James Financial lowered their target price on shares of goeasy from C$46.50 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday, May 14th. Finally, Scotiabank downgraded goeasy from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from C$55.00 to C$39.00 in a report on Tuesday, April 28th.

goeasy Trading Down 4.9%

Shares of TSE GSY opened at C$48.45 on Tuesday. The company’s 50-day moving average price is C$40.50 and its 200 day moving average price is C$67.78. goeasy has a 52 week low of C$27.60 and a 52 week high of C$216.50. The stock has a market cap of C$776.85 million, a price-to-earnings ratio of -4.49, a PEG ratio of 0.84 and a beta of 1.41.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share (EPS) for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.The business had revenue of C$412.86 million for the quarter. As a group, research analysts expect 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.