goeasy (TSE:GSY) Price Target Lowered to C$210.00 at Desjardins

goeasy (TSE:GSY) had its price objective decreased by Desjardins from C$215.00 to C$210.00 in a research note published on Wednesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for goeasy’s Q3 2024 earnings at $4.14 EPS, Q4 2024 earnings at $4.53 EPS, FY2024 earnings at $16.61 EPS, FY2025 earnings at $19.73 EPS and FY2026 earnings at $22.53 EPS.

Other research analysts have also recently issued research reports about the company. Scotiabank lifted their price objective on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. BMO Capital Markets lowered goeasy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$218.00 to C$202.00 in a research report on Tuesday. Finally, National Bankshares increased their price objective on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$218.78.

goeasy Stock Up 3.1 %

Shares of goeasy stock opened at C$174.30 on Wednesday. goeasy has a 1 year low of C$108.14 and a 1 year high of C$206.02. The firm has a market cap of C$2.93 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.84 and a beta of 1.87. The company has a 50-day moving average of C$182.31 and a 200 day moving average of C$183.44. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46.

goeasy (TSE:GSY) last announced its 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. goeasy had a net margin of 33.40% and a return on equity of 25.28%. The business had revenue of C$377.80 million during the quarter, compared to the consensus estimate of C$372.40 million. As a group, sell-side analysts anticipate that goeasy will post 20.3207343 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors 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 annualized dividend and a yield of 2.69%. goeasy’s payout ratio is 30.45%.

Insiders Place Their Bets

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

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.