goeasy (TSE:GSY) Stock Price Expected to Rise, Raymond James Financial Analyst Says

goeasy (TSE:GSY) had its price target raised by analysts at Raymond James Financial from C$42.00 to C$45.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective would indicate a potential downside of 8.44% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada decreased their price objective on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. BMO Capital Markets cut their target price on goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. National Bank Financial decreased their price target on shares of goeasy from C$38.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Thursday, May 14th. TD Securities lowered their price target 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. Finally, Jefferies Financial Group lowered their target price on shares of goeasy from C$50.00 to C$39.00 in a research note on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, goeasy currently has an average rating of “Hold” and an average price target of C$36.89.

goeasy Trading Up 1.4%

Shares of GSY traded up C$0.70 during mid-day trading on Tuesday, hitting C$49.15. The company’s stock had a trading volume of 29,839 shares, compared to its average volume of 266,946. The company’s 50-day moving average is C$40.50 and its 200-day moving average is C$67.78. goeasy has a 52-week low of C$27.60 and a 52-week high of C$216.50. The firm has a market capitalization of C$788.07 million, a price-to-earnings ratio of -4.56, a PEG ratio of 0.84 and a beta of 1.41.

goeasy (TSE:GSY) last posted its earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share for the quarter. The company had revenue of C$412.86 million for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. As a group, sell-side analysts predict that goeasy will post 20.3207343 earnings per share for the current fiscal 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.