goeasy (TSE:GSY) Downgraded by ATB Cormark Capital Markets to Sector Perform

ATB Cormark Capital Markets lowered shares of goeasy (TSE:GSY) from a speculative buy rating to a sector perform rating in a research report report published on Thursday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has C$42.00 price objective on the stock, down from their prior price objective of C$85.00.

GSY has been the topic of a number of other reports. Raymond James Financial reduced their target price on shares of goeasy from C$77.00 to C$50.00 in a research report on Thursday. Scotiabank lowered their price target on goeasy from C$61.00 to C$55.00 in a report on Thursday. Desjardins dropped their price objective on goeasy from C$64.00 to C$47.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada reduced their price objective on goeasy from C$52.00 to C$33.00 in a report on Thursday. Finally, BMO Capital Markets lowered goeasy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, goeasy has a consensus rating of “Hold” and an average price target of C$72.00.

goeasy Trading Down 6.7%

TSE GSY opened at C$34.87 on Thursday. The stock has a market cap of C$558.83 million, a PE ratio of 2.54, a PEG ratio of 0.84 and a beta of 0.16. goeasy has a 12 month low of C$33.13 and a 12 month high of C$216.50. The company’s 50-day moving average price is C$90.50 and its 200-day moving average price is C$126.99. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82.

goeasy (TSE:GSY) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The company had revenue of C$446.40 million for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. Equities research analysts forecast that goeasy will post 20.3207343 earnings per share for the current year.

Key Headlines Impacting goeasy

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Several firms still see upside after trimming targets — Desjardins cut its target to C$47 but kept a “buy” rating (≈34% upside). Article Title
• Positive Sentiment: Scotiabank trimmed its target to C$55 but still implies material upside (≈57%). Article Title
• Positive Sentiment: Raymond James lowered its target to C$50 from C$77 yet still models significant upside (≈43%). Article Title
• Neutral Sentiment: TD Securities cut its target to C$36 and moved to “hold” (minimal upside vs. current price). Article Title
• Neutral Sentiment: National Bank Financial lowered its target to C$38 (small mid‑single digit upside). Article Title Tickerreport
• Neutral Sentiment: Jefferies trimmed its target to C$39 (modest upside). Article Title
• Negative Sentiment: ATB Cormark downgraded goeasy from “speculative buy” to “sector perform” and cut its target to C$42 (rating downgrade increases negative pressure). Article Title
• Negative Sentiment: RBC lowered its target to C$33 — below the current price — signaling downside risk. Article Title
• Negative Sentiment: Reporting highlighted that Canadian banks have ~C$880M exposure to goeasy, raising counterparty/credit concerns and broader market caution. Reuters
• Negative Sentiment: goeasy reported a large Q4 loss driven by LendCare-related charges (reported ~$336.9M loss), a primary catalyst for reduced analyst targets and investor concern. MSN
• Negative Sentiment: Company Q4 release showed C($20.25) EPS on C$446.4M revenue — an earnings shock that directly pressured the share price. Press Release

goeasy Company Profile

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.