goeasy (TSE:GSY) Price Target Raised to C$220.00 at CIBC

goeasy (TSE:GSY) had its target price raised by CIBC from C$200.00 to C$220.00 in a research note published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on GSY. National Bankshares lifted their price objective on shares of goeasy from C$190.00 to C$195.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. BMO Capital Markets lifted their price target on goeasy from C$187.00 to C$192.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. 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. Scotiabank lifted their target price on goeasy from C$145.00 to C$170.00 and gave the stock a sector perform rating in a report on Wednesday, January 31st. Finally, Desjardins upped their target price on goeasy from C$185.00 to C$190.00 and gave the company a buy rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, goeasy presently has an average rating of Moderate Buy and an average target price of C$191.89.

goeasy Stock Up 0.5 %

Shares of GSY stock opened at C$176.90 on Friday. The stock’s fifty day moving average price is C$166.09 and its 200 day moving average price is C$150.39. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. goeasy has a 1-year low of C$87.00 and a 1-year high of C$180.10. The company has a market cap of C$2.94 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.92 by C$0.09. The business had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. goeasy had a return on equity of 25.77% and a net margin of 33.21%. On average, research analysts expect that goeasy will post 16.5811069 earnings per share for the current fiscal year.

goeasy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.65%. This is a boost from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s dividend payout ratio is 32.32%.

Insider Activity at goeasy

In other goeasy news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction that occurred 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 owned by corporate insiders.

About goeasy

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.