goeasy (TSE:GSY) Sets New 52-Week Low Following Analyst Downgrade

goeasy Ltd. (TSE:GSYGet Rating)’s share price reached a new 52-week low during trading on Thursday after TD Securities lowered their price target on the stock from C$220.00 to C$215.00. TD Securities currently has a buy rating on the stock. goeasy traded as low as C$97.63 and last traded at C$100.24, with a volume of 40248 shares. The stock had previously closed at C$105.84.

A number of other research firms have also commented on GSY. CIBC decreased their price objective on shares of goeasy from C$200.00 to C$180.00 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank decreased their price objective on shares of goeasy from C$170.00 to C$160.00 in a research note on Friday. BMO Capital Markets decreased their price objective on shares of goeasy from C$228.00 to C$225.00 in a research note on Friday. National Bankshares decreased their price objective on shares of goeasy from C$220.00 to C$155.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Raymond James lifted their target price on shares of goeasy from C$207.00 to C$213.00 and gave the company a “strong-buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$196.25.

The company has a debt-to-equity ratio of 209.19, a quick ratio of 15.28 and a current ratio of 15.34. The firm’s 50 day moving average is C$126.10 and its 200-day moving average is C$154.95. The firm has a market cap of C$1.82 billion and a price-to-earnings ratio of 7.68.

goeasy (TSE:GSYGet Rating) last posted its earnings results on Wednesday, February 16th. The company reported C$2.76 earnings per share for the quarter, beating the consensus estimate of C$2.62 by C$0.14. The company had revenue of C$234.43 million for the quarter, compared to the consensus estimate of C$230.07 million. As a group, research analysts predict that goeasy Ltd. will post 14.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, April 8th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, March 24th. This is an increase from goeasy’s previous quarterly dividend of $0.66. goeasy’s dividend payout ratio (DPR) is 18.06%.

goeasy Company Profile (TSE:GSY)

goeasy Ltd. provides non-prime leasing and lending services to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, home equity, and auto loans; point-of-sale and small business financing; and value-added services.

Further Reading

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