goeasy (TSE:GSY) Hits New 1-Year High on Analyst Upgrade

goeasy Ltd. (TSE:GSY)’s stock price hit a new 52-week high during mid-day trading on Monday after National Bankshares raised their price target on the stock from C$195.00 to C$210.00. National Bankshares currently has an outperform rating on the stock. goeasy traded as high as C$180.50 and last traded at C$180.31, with a volume of 11249 shares changing hands. The stock had previously closed at C$176.90.

Other research analysts have also issued reports about the company. Cormark upped their price target on goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Desjardins upped their target price on goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Raymond James raised their price target on shares of goeasy from C$166.00 to C$200.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. CIBC boosted their price objective on shares of goeasy from C$200.00 to C$220.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Scotiabank increased their target price on shares of goeasy from C$183.00 to C$190.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$196.44.

Insider Buying and Selling

In other news, Director David Ingram sold 30,000 shares of the 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. 22.53% of the stock is currently owned by corporate insiders.

goeasy Stock Performance

The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62. The company has a market cap of C$2.93 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.84 and a beta of 2.03. The firm has a 50 day moving average price of C$166.24 and a 200-day moving average price of C$151.83.

goeasy (TSE:GSY) last posted its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping 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 firm had revenue of C$338.11 million during the quarter, compared to analyst estimates of C$340.35 million. On average, research analysts predict that goeasy Ltd. will post 16.5811069 EPS for the current year.

goeasy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $1.17 per share. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s dividend payout ratio is currently 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.