goeasy (TSE:GSY) Cut to “Hold” at BMO Capital Markets

BMO Capital Markets downgraded shares of goeasy (TSE:GSY) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on GSY. National Bank Financial lowered their price objective on goeasy from C$245.00 to C$210.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Scotiabank reduced their target price on goeasy from C$225.00 to C$210.00 in a report on Friday, January 30th. TD Securities downgraded goeasy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$160.00 to C$135.00 in a report on Monday, January 19th. Raymond James Financial cut goeasy from a “moderate buy” rating to a “hold” rating and dropped their price objective for the company from C$208.00 to C$153.00 in a research report on Wednesday, December 3rd. Finally, ATB Cormark Capital Markets reduced their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$180.33.

goeasy Trading Down 13.9%

Shares of TSE GSY opened at C$35.02 on Tuesday. The firm’s 50 day moving average price is C$119.30 and its 200-day moving average price is C$145.14. goeasy has a 52-week low of C$34.90 and a 52-week high of C$216.50. The company has a debt-to-equity ratio of 383.82, a quick ratio of 28.46 and a current ratio of 42.83. The company has a market cap of C$561.23 million, a PE ratio of 2.55, a P/E/G ratio of 0.84 and a beta of 0.16.

goeasy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were issued a dividend of $1.46 per share. This represents a $5.84 annualized dividend and a dividend yield of 16.7%. The ex-dividend date of this dividend was Wednesday, December 24th. goeasy’s dividend payout ratio is presently 40.48%.

Trending Headlines about goeasy

Here are the key news stories impacting goeasy this week:

• Negative Sentiment: Royal Bank of Canada cut goeasy from “hold” to “strong sell”, signaling heightened concern from a major shop; this contributed to selling pressure. Article Title Article Title
• Negative Sentiment: Jefferies cut its rating from “strong-buy” to “hold”, reducing buy-side endorsement and likely removing incremental institutional support. Article Title
• Negative Sentiment: BMO Capital Markets downgraded goeasy from “strong-buy” to “hold”, another notable pullback in sell‑side conviction. Article Title Article Title
• Negative Sentiment: National Bank Financial cut its rating from “strong-buy” to “hold”, adding to the cluster of downgrades and increasing the probability of further negative analyst action. Article Title
• Negative Sentiment: Press report says goeasy extended its slide after forecasting a major charge-off and withdrawing its guidance — this directly raises concerns about asset quality and near-term earnings visibility. Article Title

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.