goeasy Ltd. (TSE:GSY) Receives C$186.33 Average PT from Brokerages

Shares of goeasy Ltd. (TSE:GSY) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$186.33.

Several analysts have recently commented on the stock. National Bankshares raised their target price on shares of goeasy from C$190.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Scotiabank boosted their target price on goeasy from C$145.00 to C$170.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Cormark raised their price target on goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. CIBC lifted their price target on goeasy from C$160.00 to C$175.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada increased their price objective on goeasy from C$193.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th.

goeasy Stock Up 1.6 %

GSY opened at C$160.55 on Friday. goeasy has a 52 week low of C$87.00 and a 52 week high of C$180.10. The business has a 50 day moving average price of C$162.82 and a two-hundred day moving average price of C$141.91. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. The company has a market cap of C$2.67 billion, a PE ratio of 11.09, a P/E/G ratio of 0.84 and a beta of 2.03.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping the consensus estimate of C$3.92 by C$0.09. goeasy had a return on equity of 25.77% and a net margin of 33.21%. The firm had revenue of C$338.11 million during the quarter, compared to the consensus estimate of C$340.35 million. As a group, research analysts anticipate that goeasy will post 16.8304392 EPS for the current year.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be paid a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, March 27th. goeasy’s dividend payout ratio (DPR) is 32.32%.

Insider Activity at goeasy

In other news, Director David Ingram sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total value of C$4,727,400.00. 22.53% of the stock is 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 real estate 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.