goeasy (TSE:GSY) Stock Price Expected to Rise, National Bankshares Analyst Says

goeasy (TSE:GSY) had its price objective upped by equities research analysts at National Bankshares from C$235.00 to C$240.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 35.49% from the company’s previous close.

Several other brokerages have also recently weighed in on GSY. Scotiabank increased their price target on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. BMO Capital Markets downgraded shares of goeasy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$218.00 to C$202.00 in a research report on Tuesday, October 22nd. Finally, Desjardins dropped 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 research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$219.33.

goeasy Stock Down 1.7 %

TSE:GSY opened at C$177.13 on Wednesday. goeasy has a one year low of C$108.84 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. The company has a market cap of C$2.98 billion, a PE ratio of 11.37, a P/E/G ratio of 0.84 and a beta of 1.87. The firm’s 50 day simple moving average is C$181.80 and its 200 day simple moving average is C$183.64.

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 company 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, research analysts anticipate that goeasy will post 20.3207343 earnings per share for the current year.

Insider Buying and Selling

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