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

goeasy Ltd. (TSE:GSY) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$186.33.

Several analysts have issued reports on GSY shares. Raymond James increased their target price on goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Cormark increased their target price on goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Desjardins increased their target price on goeasy from C$165.00 to C$185.00 and gave the company a “buy” rating in a research report on Friday, February 9th. CIBC increased their price objective on goeasy from C$160.00 to C$175.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price objective on goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th.

goeasy Stock Down 1.0 %

Shares of TSE:GSY opened at C$163.55 on Wednesday. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. The stock has a market cap of C$2.72 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03. The business’s 50 day moving average is C$164.41 and its 200 day moving average is C$147.19. goeasy has a 52-week low of C$87.00 and a 52-week high of C$180.10.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$3.92 by C$0.09. The business had revenue of C$338.11 million for 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%. Sell-side analysts predict that goeasy will post 16.5811069 EPS for the current year.

goeasy Increases Dividend

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

Insider Buying and Selling

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