goeasy Ltd. (TSE:GSY) Receives C$219.33 Average Price Target from Brokerages

Shares of goeasy Ltd. (TSE:GSY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$219.33.

A number of equities analysts have recently commented on the stock. Desjardins decreased their price target on shares of goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets lowered shares of goeasy from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$218.00 to C$202.00 in a report on Tuesday, October 22nd. Scotiabank increased their target price on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Finally, National Bankshares increased their target price on shares of goeasy from C$235.00 to C$240.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Insiders Place Their Bets

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total value of C$846,000.00. Insiders own 22.05% of the company’s stock.

goeasy Price Performance

Shares of TSE:GSY opened at C$178.63 on Friday. The company’s fifty day moving average price is C$180.96 and its 200-day moving average price is C$183.77. The firm has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.84 and a beta of 1.87. goeasy has a one year low of C$116.48 and a one year high of C$206.02. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46.

goeasy (TSE:GSY) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 EPS for the quarter, topping analysts’ consensus estimates of C$4.01 by C$0.09. The firm had revenue of C$377.80 million for the quarter, compared to analyst estimates of C$372.40 million. goeasy had a net margin of 33.40% and a return on equity of 25.28%. On average, equities research analysts anticipate that goeasy will post 20.3207343 earnings per share for the current fiscal year.

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, September 27th. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

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.