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

goeasy (TSE:GSY) had its target price hoisted by Desjardins from C$185.00 to C$190.00 in a report issued on Monday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

GSY has been the topic of several other reports. National Bankshares boosted their price target on shares of goeasy from C$190.00 to C$195.00 and gave the stock an outperform rating in a research report on Wednesday, February 14th. Royal Bank of Canada boosted their price target on goeasy from C$193.00 to C$195.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Cormark boosted their target price on goeasy from C$193.00 to C$200.00 and gave the stock a buy rating in a report on Wednesday, February 14th. CIBC boosted their target price on goeasy from C$175.00 to C$200.00 and gave the stock an outperform rating in a report on Wednesday, April 17th. Finally, Scotiabank upped their price target on goeasy from C$145.00 to C$170.00 and gave the stock a sector perform rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$189.67.

goeasy Trading Up 0.6 %

GSY opened at C$176.00 on Monday. The firm has a market capitalization of C$2.93 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.84 and a beta of 2.03. The firm’s 50 day moving average is C$166.16 and its 200-day moving average is C$149.74. goeasy has a 52-week low of C$87.00 and a 52-week high of C$180.10. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25.

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

goeasy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 2.66%. This is a boost from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s dividend payout ratio (DPR) is 32.32%.

Insiders Place Their Bets

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

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.