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

Shares of goeasy Ltd. (TSE:GSY) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$186.33.

A number of equities analysts have recently commented on the stock. National Bankshares lifted their price target on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Scotiabank lifted their price objective on goeasy from C$145.00 to C$170.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. BMO Capital Markets raised their target price on goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. CIBC upped their price target on goeasy from C$160.00 to C$175.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, Raymond James increased their price objective 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.

goeasy Stock Up 1.6 %

goeasy stock opened at C$160.55 on Friday. The company has a market capitalization of C$2.67 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.84 and a beta of 2.03. goeasy has a 1-year low of C$87.00 and a 1-year high of C$180.10. The firm’s fifty day simple moving average is C$162.82 and its 200-day simple moving average is C$141.91. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25.

goeasy (TSE:GSY) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of C$340.35 million. Sell-side analysts forecast that goeasy will post 16.8304392 earnings per share for the current fiscal year.

goeasy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.17 per share. This is a boost from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.91%. goeasy’s dividend payout ratio (DPR) is currently 32.32%.

Insider Buying and Selling at goeasy

In related news, Director David Ingram sold 30,000 shares of the firm’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. Company insiders own 22.53% of the company’s stock.

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 real estate 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.