goeasy (TSE:GSY) Price Target Increased to C$230.00 by Analysts at CIBC

goeasy (TSE:GSY) had its price target raised by CIBC from C$220.00 to C$230.00 in a report released on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

GSY has been the subject of several other research reports. Scotiabank upped their price target 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, April 30th. BMO Capital Markets increased their target price on goeasy from C$187.00 to C$192.00 and gave the company an outperform rating in a research report on Thursday, February 15th. National Bankshares boosted their price target on goeasy from C$195.00 to C$210.00 and gave the stock an outperform rating in a research report on Tuesday, April 30th. Colliers Securities raised their price objective on goeasy from C$200.00 to C$220.00 in a research report on Wednesday. Finally, Desjardins boosted their target price on shares of goeasy from C$185.00 to C$190.00 and gave the stock a buy rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$206.20.

goeasy Stock Performance

goeasy stock opened at C$190.60 on Wednesday. goeasy has a fifty-two week low of C$94.20 and a fifty-two week high of C$191.00. The company has a market capitalization of C$3.17 billion, a PE ratio of 13.16, a P/E/G ratio of 0.84 and a beta of 1.97. The company has a 50 day moving average price of C$168.49 and a 200-day moving average price of C$154.58. The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62.

goeasy (TSE:GSY) last issued 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. The business had revenue of C$338.11 million during the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a return on equity of 25.77% and a net margin of 33.21%. As a group, equities analysts forecast that goeasy will post 16.6561044 earnings per share for the current year.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid 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 2.46%. The ex-dividend date was Wednesday, March 27th. goeasy’s payout ratio is presently 32.32%.

Insider Activity

In other goeasy news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total value of C$4,727,400.00. Corporate insiders own 22.18% of the company’s stock.

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.