goeasy Ltd. (TSE:GSY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of goeasy Ltd. (TSE:GSY) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$186.33.

GSY has been the topic of several analyst reports. CIBC lifted their target price on goeasy from C$160.00 to C$175.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada lifted their target price on goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Cormark boosted their price objective on goeasy from C$193.00 to C$200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Scotiabank boosted their price objective on goeasy from C$145.00 to C$170.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their price objective on goeasy from C$187.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th.

goeasy Price Performance

Shares of GSY opened at C$163.55 on Wednesday. goeasy has a 1 year low of C$87.00 and a 1 year high of C$180.10. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. The company has a market capitalization of C$2.72 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03. The business has a 50-day moving average of C$164.41 and a 200-day moving average of C$147.19.

goeasy (TSE:GSY) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, beating the consensus estimate of C$3.92 by C$0.09. The firm had revenue of C$338.11 million during the quarter, compared to the consensus estimate 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 research analysts anticipate that goeasy will post 16.5811069 earnings per share for the current year.

goeasy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a dividend yield of 2.86%. goeasy’s payout ratio is presently 32.32%.

Insider Activity at goeasy

In related news, Director David Ingram sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was 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.

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.