goeasy (TSE:GSY) PT Lowered to C$210.00 at Desjardins

goeasy (TSE:GSY) had its target price lowered by investment analysts at Desjardins from C$215.00 to C$210.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 26.42% from the company’s previous close.

Several other analysts also recently issued reports on the company. BMO Capital Markets downgraded goeasy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$218.00 to C$202.00 in a report on Tuesday. Scotiabank boosted their price target on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Finally, National Bankshares raised their price objective on shares of goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$218.78.

goeasy Price Performance

goeasy stock traded up C$0.72 during mid-day trading on Wednesday, hitting C$166.11. The company’s stock had a trading volume of 107,452 shares, compared to its average volume of 47,924. The stock has a market capitalization of C$2.79 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.84 and a beta of 1.87. goeasy has a twelve month low of C$106.51 and a twelve month high of C$206.02. The stock’s fifty day moving average price is C$183.26 and its two-hundred day moving average price is C$183.20. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY) last issued its earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$4.01 by C$0.09. The business had revenue of C$377.80 million for the quarter, compared to analysts’ expectations of C$372.40 million. goeasy had a return on equity of 25.28% and a net margin of 33.40%. Research analysts forecast that goeasy will post 20.3207343 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total value of C$846,000.00. 22.05% of the stock is owned by company insiders.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.