goeasy (TSE:GSY) Given New C$190.00 Price Target at Desjardins

goeasy (TSE:GSY) had its price objective increased by Desjardins from C$185.00 to C$190.00 in a research note published on Monday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Raymond James raised their price objective on shares of goeasy from C$166.00 to C$200.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their price target on shares of goeasy from C$187.00 to C$192.00 and gave the company an outperform rating in a research note on Thursday, February 15th. CIBC lifted their price target on shares of goeasy from C$175.00 to C$200.00 and gave the company an outperform rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their price objective on shares of goeasy from C$193.00 to C$195.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. Finally, Scotiabank boosted their price objective 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, goeasy has a consensus rating of Moderate Buy and an average target price of C$189.67.

goeasy Stock Up 1.1 %

Shares of TSE GSY opened at C$175.32 on Monday. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. The company has a market cap of C$2.92 billion, a P/E ratio of 12.11, a PEG 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 has a 50-day simple moving average of C$165.70 and a two-hundred day simple moving average of C$149.11.

goeasy (TSE:GSY) last announced its quarterly earnings data 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. The business had revenue of C$338.11 million during the quarter, compared to the consensus estimate of C$340.35 million. goeasy had a net margin of 33.21% and a return on equity of 25.77%. Research analysts anticipate that goeasy will post 16.5811069 earnings per share for the current year.

goeasy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.17 dividend. 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 2.67%. The ex-dividend date was Wednesday, March 27th. goeasy’s payout ratio is currently 32.32%.

Insiders Place Their Bets

In other news, Director David Ingram sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. Corporate insiders own 22.53% of the company’s stock.

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.