goeasy (TSE:GSY) Cut to Hold at TD Securities

TD Securities cut shares of goeasy (TSE:GSY) from a buy rating to a hold rating in a report issued on Monday morning, MarketBeat reports. They currently have C$135.00 price target on the stock, down from their prior price target of C$160.00.

GSY has been the topic of a number of other reports. Scotiabank raised goeasy from a “hold” rating to an “outperform” rating and set a C$225.00 target price on the stock in a research report on Thursday, October 16th. Jefferies Financial Group reduced their price objective on goeasy from C$225.00 to C$194.00 in a research report on Monday, November 10th. National Bankshares decreased their price objective on goeasy from C$265.00 to C$245.00 in a report on Thursday, November 6th. Raymond James Financial cut goeasy from a “moderate buy” rating to a “hold” rating and lowered their price objective for the company from C$208.00 to C$153.00 in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reduced their target price on goeasy from C$194.00 to C$156.00 in a research report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$193.00.

goeasy Trading Up 1.6%

Shares of goeasy stock opened at C$129.44 on Monday. goeasy has a 1 year low of C$117.52 and a 1 year high of C$216.50. The company’s fifty day simple moving average is C$129.18 and its 200-day simple moving average is C$163.46. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.84 and a beta of 0.64. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63.

goeasy (TSE:GSY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$4.12 earnings per share for the quarter. goeasy had a net margin of 19.49% and a return on equity of 25.26%. The firm had revenue of C$440.22 million during the quarter. As a group, sell-side analysts expect that goeasy will post 20.3207343 EPS for the current year.

goeasy Dividend Announcement

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 dividend of $1.46 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $5.84 annualized dividend and a dividend yield of 4.5%. goeasy’s dividend payout ratio (DPR) is presently 40.48%.

About goeasy

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.