goeasy (TSE:GSY) Receives “Outperform” Rating from Raymond James

Raymond James reaffirmed their outperform rating on shares of goeasy (TSE:GSY) in a research report report published on Tuesday, October 22nd, BayStreet.CA reports. They currently have a C$73.00 price target on the stock. Raymond James also issued estimates for goeasy’s Q3 2019 earnings at $1.40 EPS, Q4 2019 earnings at $1.52 EPS, FY2019 earnings at $5.37 EPS, Q1 2020 earnings at $1.68 EPS, Q2 2020 earnings at $1.68 EPS, Q3 2020 earnings at $1.78 EPS, Q4 2020 earnings at $1.84 EPS, FY2020 earnings at $6.99 EPS and FY2021 earnings at $8.42 EPS.

Several other brokerages have also recently weighed in on GSY. TD Securities upped their price target on goeasy from C$74.00 to C$75.00 and gave the stock a buy rating in a research note on Wednesday, October 9th. National Bank Financial reaffirmed an outperform rating and set a C$72.00 price target on shares of goeasy in a report on Friday, August 2nd.

Shares of GSY traded up C$0.46 during mid-day trading on Tuesday, hitting C$64.93. 28,600 shares of the company’s stock traded hands, compared to its average volume of 41,314. The company has a quick ratio of 16.18, a current ratio of 16.26 and a debt-to-equity ratio of 229.94. goeasy has a 1 year low of C$30.42 and a 1 year high of C$65.89. The firm has a market capitalization of $929.27 million and a P/E ratio of 13.75. The business’s 50-day moving average price is C$59.28 and its 200-day moving average price is C$54.59.

goeasy (TSE:GSY) last issued its quarterly earnings results on Monday, November 4th. The company reported C$1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.38 by C($0.10). The company had revenue of C$156.13 million during the quarter, compared to the consensus estimate of C$155.97 million. Sell-side analysts anticipate that goeasy will post 5.2299999 earnings per share for the current fiscal year.

About goeasy

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits product, which offers road side assistance and a suite of other support services, as well as credit monitoring services.

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