goeasy (TSE:GSY) Price Target Increased to C$225.00 by Analysts at Raymond James

goeasy (TSE:GSY) had its price target increased by Raymond James from C$200.00 to C$225.00 in a research report report published on Wednesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for goeasy’s Q2 2024 earnings at $3.90 EPS and Q2 2025 earnings at $4.81 EPS.

Several other research analysts have also weighed in on GSY. Royal Bank of Canada lifted their price objective on shares of goeasy from C$201.00 to C$225.00 and gave the stock an outperform rating in a research note on Wednesday. Desjardins lifted their price objective on shares of goeasy from C$185.00 to C$190.00 and gave the stock a buy rating in a research note on Monday, April 22nd. BMO Capital Markets lifted their price objective on shares of goeasy from C$187.00 to C$192.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. CIBC lifted their price objective on shares of goeasy from C$220.00 to C$230.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, National Bankshares raised their target price on shares of goeasy from C$195.00 to C$210.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, goeasy presently has an average rating of Moderate Buy and an average target price of C$206.20.

goeasy Stock Up 3.3 %

Shares of TSE GSY opened at C$190.60 on Wednesday. The firm’s 50-day moving average is C$168.49 and its 200-day moving average is C$154.58. goeasy has a 1 year low of C$94.20 and a 1 year high of C$191.00. The firm has a market capitalization of C$3.17 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97. 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 (TSE:GSY) last released its quarterly earnings data 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 net margin of 33.21% and a return on equity of 25.77%. The business had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. Equities analysts expect that goeasy will post 16.6561044 EPS for the current year.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $1.17 dividend. The ex-dividend date was Wednesday, March 27th. 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 dividend yield of 2.46%. goeasy’s dividend payout ratio (DPR) is 32.32%.

Insider Activity

In other news, Director David Ingram sold 30,000 shares of goeasy stock in a transaction that occurred 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 owned by corporate 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.