goeasy (TSE:GSY) Cut to Market Perform at BMO Capital Markets

BMO Capital Markets cut shares of goeasy (TSE:GSY) from an outperform rating to a market perform rating in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm currently has C$202.00 price objective on the stock, down from their prior price objective of C$218.00.

Other research analysts have also recently issued research reports about the stock. National Bankshares upped their target price on shares of goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Scotiabank increased their price objective on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$218.78.

goeasy Trading Up 1.1 %

TSE:GSY opened at C$168.98 on Tuesday. goeasy has a 12-month low of C$106.86 and a 12-month high of C$206.02. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The business has a 50 day simple moving average of C$182.52 and a 200 day simple moving average of C$183.34. The firm has a market capitalization of C$2.84 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.84 and a beta of 1.87.

goeasy (TSE:GSY) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$4.01 by C$0.09. The company had revenue of C$377.80 million during 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%. Equities research analysts predict that goeasy will post 20.3207343 EPS for the current year.

goeasy Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.77%. goeasy’s payout ratio is 30.45%.

Insiders Place Their Bets

In other news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.05% of the stock is currently owned by 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.