goeasy (TSE:GSY) Price Target Raised to C$190.00

goeasy (TSE:GSY) had its target price raised by Desjardins from C$185.00 to C$190.00 in a research note published on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on GSY. BMO Capital Markets increased their price target on goeasy from C$187.00 to C$192.00 and gave the stock an outperform rating in a report on Thursday, February 15th. National Bankshares lifted their price target on shares of goeasy from C$190.00 to C$195.00 and gave the company an outperform rating in a research report on Wednesday, February 14th. Cormark upped their price objective on shares of goeasy from C$193.00 to C$200.00 and gave the stock a buy rating in a report on Wednesday, February 14th. Scotiabank lifted their target price on shares of goeasy from C$145.00 to C$170.00 and gave the company a sector perform rating in a report on Wednesday, January 31st. Finally, CIBC upped their price target on goeasy from C$175.00 to C$200.00 and gave the stock an outperform rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$189.67.

goeasy Stock Performance

TSE:GSY opened at C$174.93 on Monday. The company’s 50-day moving average is C$166.06 and its two-hundred day moving average is C$149.56. The firm has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.84 and a beta of 2.03. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. goeasy has a 1-year low of C$87.00 and a 1-year high of C$180.10.

goeasy (TSE:GSY) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, beating analysts’ consensus estimates of C$3.92 by C$0.09. The firm had revenue of C$338.11 million for the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a return on equity of 25.77% and a net margin of 33.21%. Analysts forecast that goeasy will post 16.5811069 EPS for the current year.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.68%. This is a positive change from goeasy’s previous quarterly dividend of $0.96. goeasy’s dividend payout ratio is currently 32.32%.

Insider Activity at goeasy

In other goeasy news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. 22.53% of the stock is currently owned by company 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.