goeasy Ltd. (TSE:GSY) Receives C$220.00 Average Target Price from Analysts

Shares of goeasy Ltd. (TSE:GSY) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$220.00.

Several brokerages have recently weighed in on GSY. National Bankshares lifted their target price on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Scotiabank lifted their price objective on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Finally, BMO Capital Markets increased their target price on goeasy from C$215.00 to C$218.00 and gave the stock an “outperform” rating in a report on Monday, August 12th.

goeasy Price Performance

Shares of GSY stock opened at C$186.64 on Wednesday. The company has a market capitalization of C$3.14 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.84 and a beta of 1.87. The company has a current ratio of 15.97, a quick ratio of 28.46 and a debt-to-equity ratio of 289.31. goeasy has a 12 month low of C$106.43 and a 12 month high of C$206.02. The stock has a 50 day moving average of C$184.19 and a two-hundred day moving average of C$182.17.

goeasy (TSE:GSY) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, topping analysts’ consensus estimates of C$4.01 by C$0.09. The firm had revenue of C$377.80 million for the quarter, compared to the consensus estimate of C$372.40 million. goeasy had a net margin of 33.40% and a return on equity of 25.28%. As a group, equities analysts expect that goeasy will post 20.3207343 EPS for the current year.

goeasy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a dividend of $1.17 per share. The ex-dividend date was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.51%. goeasy’s dividend payout ratio is 30.45%.

Insiders Place Their Bets

In related news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total value of C$846,000.00. Insiders own 22.05% of the company’s stock.

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.