goeasy (TSE:GSY) Price Target Increased to C$200.00 by Analysts at CIBC

goeasy (TSE:GSY) had its target price lifted by CIBC from C$175.00 to C$200.00 in a report released on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other brokerages have also recently commented on GSY. Scotiabank raised their target price on shares of goeasy from C$145.00 to C$170.00 and gave the stock a sector perform rating in a report on Wednesday, January 31st. Cormark raised their price target on shares of goeasy from C$193.00 to C$200.00 and gave the stock a buy rating in a report on Wednesday, February 14th. Desjardins raised their price target on shares of goeasy from C$165.00 to C$185.00 and gave the stock a buy rating in a report on Friday, February 9th. BMO Capital Markets raised their price target on shares of goeasy from C$187.00 to C$192.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on shares of goeasy from C$193.00 to C$195.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. One 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 an average rating of Moderate Buy and a consensus price target of C$189.11.

goeasy Trading Up 6.3 %

Shares of TSE:GSY opened at C$173.81 on Wednesday. The company has a market cap of C$2.89 billion, a PE ratio of 12.00, a P/E/G ratio of 0.84 and a beta of 2.03. The company’s 50-day moving average price is C$164.80 and its 200 day moving average price is C$147.37. goeasy has a fifty-two week low of C$87.00 and a fifty-two week high of C$180.10. 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 released its earnings results 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 for the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%. Sell-side analysts anticipate that goeasy will post 16.5811069 earnings per share for the current year.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 dividend on an annualized basis and a yield of 2.69%. goeasy’s dividend payout ratio is currently 32.32%.

Insider Buying and Selling

In related news, Director David Ingram sold 30,000 shares of the company’s 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. 22.53% of the stock is currently owned by corporate insiders.

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.