goeasy ltd. (TSE: GSY- Get a rating) received an average “Buy” rating from the eight research firms that cover the stock, reports Marketbeat.com. Five analysts gave the stock a buy rating and one gave the company a strong buy rating. The 12-month average price target among brokerages that have updated their coverage on the stock in the past year is CA$196.00.
GSY has been the subject of a number of recent analyst reports. BMO Capital Markets raised its price target on goeasy shares from C$225.00 to C$234.00 in a Friday, August 12 research note. Raymond James cut his price target on goeasy from C$213.00 to C$202.00 and set a “strong buy” rating on the stock in a Friday, July 8 report. CIBC lowered its price target on goeasy from CA$200.00 to CA$180.00 and set an “outperform” rating for the company in a Thursday, May 12 report. Scotiabank raised its target price on goeasy shares from C$140.00 to C$160.00 in a Friday, August 12 research note. Finally, TD Securities raised its price target on goeasy shares from C$195.00 to C$200.00 and gave the stock a “buy” rating in a Friday, August 12 report.
goeasy Trading down 0.7%
Shares of TSE GSY opened at C$117.89 on Wednesday. The stock has a market capitalization of C$1.87 billion and a P/E ratio of 11.36. The company has a debt ratio of 261.22, a current ratio of 25.76 and a quick ratio of 25.67. The company’s 50-day moving average is C$114.37 and its two-hundred-day moving average is C$120.77. goeasy has a 1 year minimum of CA$95.00 and a 1 year maximum of CA$218.35.
goeasy (TSE:GSY – Get a rating) last released its quarterly results on Wednesday, August 10. The company reported earnings per share of C$2.83 for the quarter, beating the consensus estimate of C$2.74 by C$0.09. The company posted revenue of C$251.65 million for the quarter, while analysts had expected C$247.13 million. As a group, research analysts expect goeasy to post EPS of 14.9799989 for the current year.
goeasy announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Friday, September 30 will receive a dividend of $0.91. The ex-dividend date is Thursday, September 29. This represents an annualized dividend of $3.64 and a dividend yield of 3.09%. goeasy’s payout ratio is currently 35.07%.
goeasy ltd. provides consumer leasing and loan services in Canada. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, real estate and car loans; point-of-sale and small business financing; and value-added services.
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