goeasy Ltd. (TSE:GSY) Receives C$219.33 Average Target Price from Brokerages

goeasy Ltd. (TSE:GSY) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$219.33.

A number of equities research analysts have issued reports on GSY shares. National Bankshares upped their price objective on shares of goeasy from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank upped their price objective on shares of goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. BMO Capital Markets downgraded shares of goeasy from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$218.00 to C$202.00 in a research report on Tuesday, October 22nd. Finally, Desjardins reduced their price objective on shares of goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd.

Insider Buying and Selling at goeasy

In related news, Senior Officer Jason Mullins sold 4,500 shares of the company’s 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 22.05% of the company’s stock.

goeasy Trading Up 3.4 %

TSE:GSY opened at C$178.63 on Friday. The stock has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.84 and a beta of 1.87. The firm has a fifty day simple moving average of C$180.96 and a two-hundred day simple moving average of C$183.77. goeasy has a 12 month low of C$116.48 and a 12 month high of C$206.02. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, topping 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 business had revenue of C$377.80 million for the quarter, compared to analysts’ expectations of C$372.40 million. Analysts expect that goeasy will post 20.3207343 EPS for the current fiscal year.

goeasy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, September 27th. goeasy’s payout ratio is 30.45%.

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.