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

Shares of goeasy Ltd. (TSE:GSY) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$220.00.

Several equities research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. BMO Capital Markets raised their price objective on shares of goeasy from C$215.00 to C$218.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, National Bankshares raised their price objective on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research report on Monday, July 29th.

Insider Transactions at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.06% of the stock is currently owned by insiders.

goeasy Trading Up 0.4 %

Shares of GSY stock opened at C$178.51 on Friday. goeasy has a 12-month low of C$101.34 and a 12-month high of C$206.02. The company has a market capitalization of C$3.00 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.84 and a beta of 1.89. The firm has a 50-day moving average price of C$187.58 and a 200 day moving average price of C$179.78. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31.

goeasy (TSE:GSY) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, beating the consensus estimate of C$4.01 by C$0.09. The firm had revenue of C$377.80 million during the quarter, compared to analysts’ expectations of C$372.40 million. goeasy had a net margin of 33.40% and a return on equity of 25.28%. Research analysts forecast that goeasy will post 20.3414634 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $1.17 dividend. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, September 27th. goeasy’s dividend payout ratio is presently 30.43%.

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.