goeasy (TSE:GSY) Rating Lowered to Market Perform at BMO Capital Markets

BMO Capital Markets cut shares of goeasy (TSE:GSY) from an outperform rating to a market perform rating in a report published on Tuesday, BayStreet.CA reports. BMO Capital Markets currently has C$202.00 price target on the stock, down from their prior price target of C$218.00.

A number of other equities analysts have also recently weighed in on GSY. National Bankshares upped their price target on goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Scotiabank upped their target price on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$218.22.

goeasy Price Performance

Shares of TSE GSY opened at C$165.39 on Tuesday. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.84 and a beta of 1.87. The firm’s 50 day simple moving average is C$183.26 and its 200-day simple moving average is C$183.20. goeasy has a 12 month low of C$106.43 and a 12 month high of C$206.02.

goeasy (TSE:GSY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 EPS for the quarter, beating the consensus estimate of C$4.01 by C$0.09. goeasy had a net margin of 33.40% and a return on equity of 25.28%. The company had revenue of C$377.80 million for the quarter, compared to analyst estimates of C$372.40 million. Analysts expect that goeasy will post 20.3207343 EPS for the current year.

goeasy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a $1.17 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.83%. goeasy’s payout ratio is currently 30.45%.

Insiders Place Their Bets

In other news, Senior Officer Jason Mullins sold 4,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total value of C$846,000.00. 22.05% of the stock is currently owned by corporate 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.