Raymond James Boosts goeasy (TSE:GSY) Price Target to C$225.00

goeasy (TSE:GSY) had its price objective hoisted by investment analysts at Raymond James from C$200.00 to C$225.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 20.45% from the company’s current price.

Several other brokerages also recently issued reports on GSY. Desjardins upped their price objective on goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada increased their target price on goeasy from C$201.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Wednesday. CIBC increased their target price on goeasy from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bankshares increased their target price on goeasy from C$195.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Cormark increased their target price on goeasy from C$193.00 to C$200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, goeasy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$206.20.

goeasy Price Performance

GSY traded up C$2.27 during trading on Wednesday, reaching C$186.80. 86,361 shares of the stock were exchanged, compared to its average volume of 40,734. 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$94.20 and a 1 year high of C$188.25. The business’s 50 day moving average price is C$167.99 and its two-hundred day moving average price is C$154.33. The company has a market capitalization of C$3.11 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.84 and a beta of 1.97.

goeasy (TSE:GSY) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$338.11 million for the quarter, compared to the consensus estimate of C$340.35 million. As a group, equities research analysts anticipate that goeasy will post 16.6561044 earnings per share for the current year.

Insiders Place Their Bets

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. 22.18% of the stock is currently owned by 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 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.