goeasy (TSE:GSY) Price Target Raised to C$201.00

goeasy (TSE:GSY) had its price objective raised by Royal Bank of Canada from C$195.00 to C$201.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on GSY. BMO Capital Markets boosted their price target on shares of goeasy from C$187.00 to C$192.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. CIBC boosted their price target on shares of goeasy from C$200.00 to C$220.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Scotiabank boosted their price target on shares of 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. National Bankshares boosted their price target 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. Finally, Desjardins upped their target price on shares of goeasy from C$185.00 to C$190.00 and gave the stock 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$196.44.

goeasy Trading Up 1.5 %

Shares of goeasy stock opened at C$178.72 on Monday. goeasy has a 52-week low of C$87.00 and a 52-week high of C$180.65. 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 company’s 50-day simple moving average is C$166.59 and its 200-day simple moving average is C$152.02. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.92 by C$0.09. goeasy had a net margin of 33.21% and a return on equity of 25.77%. The business had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. As a group, equities research analysts anticipate that goeasy will post 16.6561044 earnings per share for the current year.

goeasy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $1.17 per share. This is a positive change from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s dividend payout ratio is presently 32.32%.

Insiders Place Their Bets

In other news, Director David Ingram sold 30,000 shares of the 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. 22.18% of the stock is currently owned by company 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.