Brokerages Set goeasy Ltd. (TSE:GSY) Target Price at C$186.33

goeasy Ltd. (TSE:GSY) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$189.11.

A number of research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. CIBC increased their price objective on shares of goeasy from C$175.00 to C$200.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Raymond James increased their price objective on shares of goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Cormark increased their price objective on shares of goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th.

Insiders Place Their Bets

In other goeasy 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. Corporate insiders own 22.53% of the company’s stock.

goeasy Price Performance

Shares of GSY stock opened at C$173.43 on Wednesday. The company has a market capitalization of C$2.88 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03. The firm has a fifty day simple moving average of C$165.45 and a 200-day simple moving average of C$148.02. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25. goeasy has a twelve month low of C$87.00 and a twelve month high of C$180.10.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, beating the consensus estimate of C$3.92 by C$0.09. The business 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%. Equities research analysts anticipate that goeasy will post 16.5811069 earnings per share for the current fiscal year.

goeasy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $1.17 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.70%. This is a positive change from goeasy’s previous quarterly dividend of $0.96. goeasy’s payout ratio is 32.32%.

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.