goeasy (TSE:GSY) Reaches New 12-Month High After Analyst Upgrade

goeasy Ltd. (TSE:GSY) shares reached a new 52-week high during trading on Monday after Royal Bank of Canada raised their price target on the stock from C$195.00 to C$201.00. Royal Bank of Canada currently has an outperform rating on the stock. goeasy traded as high as C$180.50 and last traded at C$180.31, with a volume of 11249 shares trading hands. The stock had previously closed at C$176.90.

Several other equities analysts have also weighed in on the company. Scotiabank lifted their price objective on goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. BMO Capital Markets lifted their price objective on goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. CIBC lifted their price objective on goeasy from C$200.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James lifted their price objective on goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Cormark lifted their price objective on goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, goeasy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$192.56.

Insider Buying and Selling

In related news, Director David Ingram sold 30,000 shares of the business’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 transaction of C$4,727,400.00. 22.53% of the stock is currently owned by corporate insiders.

goeasy Stock Up 2.0 %

The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62. The firm has a fifty day simple moving average of C$166.16 and a 200-day simple moving average of C$151.38. The company has a market capitalization of C$3.00 billion, a PE ratio of 12.47, a P/E/G ratio of 0.84 and a beta of 2.03.

goeasy (TSE:GSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C$3.92 by C$0.09. goeasy had a return on equity of 25.77% and a net margin of 33.21%. The company had revenue of C$338.11 million for the quarter, compared to the consensus estimate of C$340.35 million. Equities research analysts anticipate that goeasy Ltd. will post 16.5811069 EPS for the current fiscal year.

goeasy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s payout ratio is 32.32%.

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.