goeasy (TSE:GSY) Hits New 12-Month Low – What’s Next?

goeasy Ltd. (TSE:GSY) shares reached a new 52-week low during trading on Friday . The company traded as low as C$106.42 and last traded at C$106.75, with a volume of 50342 shares changing hands. The stock had previously closed at C$110.23.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GSY. Jefferies Financial Group lowered their price objective on goeasy from C$225.00 to C$194.00 in a research report on Monday, November 10th. Scotiabank reduced their target price on goeasy from C$225.00 to C$210.00 in a research report on Friday, January 30th. ATB Cormark Capital Markets decreased their target price on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Raymond James Financial downgraded goeasy from a “moderate buy” rating to a “hold” rating and dropped their price target for the company from C$208.00 to C$153.00 in a research report on Wednesday, December 3rd. Finally, National Bank Financial cut their price objective on goeasy from C$245.00 to C$210.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$186.56.

goeasy Trading Down 2.6%

The firm has a market cap of C$1.72 billion, a P/E ratio of 7.83, a PEG ratio of 0.84 and a beta of 0.39. The company has a debt-to-equity ratio of 287.63, a current ratio of 82.04 and a quick ratio of 28.46. The stock has a 50 day moving average of C$127.68 and a 200 day moving average of C$153.29.

goeasy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were issued a $1.46 dividend. This represents a $5.84 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Wednesday, December 24th. goeasy’s dividend payout ratio is presently 40.48%.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.