Brokerages Set goeasy Ltd. (TSE:GSY) Price Target at C$220.00

Shares of goeasy Ltd. (TSE:GSY) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$220.00.

Several analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of goeasy from C$215.00 to C$218.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. 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 boosted their price objective on goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research note on Monday, July 29th.

Insider Activity

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total transaction of C$846,000.00. Corporate insiders own 22.06% of the company’s stock.

goeasy Price Performance

TSE:GSY opened at C$179.36 on Friday. goeasy has a 52 week low of C$101.34 and a 52 week high of C$206.02. The firm has a market cap of C$3.01 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.84 and a beta of 1.89. The firm’s 50-day simple moving average is C$187.45 and its 200 day simple moving average is C$179.94. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97.

goeasy (TSE:GSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$4.01 by C$0.09. The company had revenue of C$377.80 million for the quarter, compared to the consensus estimate of C$372.40 million. goeasy had a net margin of 33.40% and a return on equity of 25.28%. As a group, sell-side analysts predict that goeasy will post 20.3414634 earnings per share for the current year.

goeasy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, October 11th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.61%. goeasy’s payout ratio is presently 30.43%.

goeasy Company Profile

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.