Desjardins Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its target price decreased by equities researchers at Desjardins from C$47.00 to C$38.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 26.71% from the company’s current price.

Several other analysts have also recently commented on GSY. TD Securities lowered their price target on goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Royal Bank Of Canada lowered their price target on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a report on Thursday. National Bank Financial lowered their price target on goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a report on Thursday. ATB Cormark Capital Markets cut goeasy from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$85.00 to C$42.00 in a report on Thursday, April 2nd. Finally, Jefferies Financial Group lowered their price target on goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$36.56.

goeasy Trading Up 5.2%

goeasy stock opened at C$29.99 on Thursday. The stock has a market cap of C$480.86 million, a PE ratio of -2.78, a P/E/G ratio of 0.84 and a beta of 1.05. The stock has a 50-day moving average price of C$39.07 and a 200 day moving average price of C$98.15. goeasy has a 52 week low of C$27.60 and a 52 week high of C$216.50.

goeasy (TSE:GSY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. The business had revenue of C$412.86 million during the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. On average, equities analysts predict that goeasy will post 20.3207343 EPS for the current year.

Trending Headlines about goeasy

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.