goeasy (TSE:GSY) Price Target Increased to C$205.00 by Analysts at Desjardins

goeasy (TSE:GSY) had its price target lifted by Desjardins from C$190.00 to C$205.00 in a research report released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for goeasy’s Q2 2024 earnings at $4.04 EPS, Q3 2024 earnings at $4.59 EPS, Q4 2024 earnings at $4.81 EPS and FY2025 earnings at $21.00 EPS.

GSY has been the subject of a number of other reports. BMO Capital Markets upped their target price on shares of goeasy from C$187.00 to C$192.00 and gave the company an outperform rating in a report on Thursday, February 15th. National Bankshares upped their target price on shares of goeasy from C$195.00 to C$210.00 and gave the company an outperform rating in a report on Tuesday, April 30th. CIBC upped their target price on shares of goeasy from C$220.00 to C$230.00 and gave the company an outperform rating in a report on Wednesday. Royal Bank of Canada upped their target price on shares of goeasy from C$201.00 to C$225.00 and gave the company an outperform rating in a report on Wednesday. Finally, Colliers Securities raised their price objective on shares of goeasy from C$200.00 to C$220.00 in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$206.20.

goeasy Stock Up 3.3 %

Shares of goeasy stock opened at C$190.60 on Wednesday. The company has a market cap of C$3.17 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97. The company’s 50 day moving average is C$168.49 and its 200 day moving average is C$154.58. goeasy has a twelve month low of C$94.20 and a twelve month high of C$191.00. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25.

goeasy (TSE:GSY) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.92 by C$0.09. goeasy had a net margin of 33.21% and a return on equity of 25.77%. The company had revenue of C$338.11 million for the quarter, compared to the consensus estimate of C$340.35 million. Research analysts anticipate that goeasy will post 16.6561044 EPS for the current year.

goeasy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.17 dividend. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, March 27th. goeasy’s payout ratio is currently 32.32%.

Insider Buying and Selling at goeasy

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 value of C$4,727,400.00. 22.18% of the stock is currently owned by insiders.

About goeasy

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.