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

goeasy (TSE:GSY) had its price target boosted by CIBC from C$200.00 to C$220.00 in a research report released on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other analysts have also recently commented on GSY. Cormark raised their price target on goeasy from C$193.00 to C$200.00 and gave the company a buy rating in a report on Wednesday, February 14th. Royal Bank of Canada raised their target price 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 upped 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. Desjardins increased their price target on shares of goeasy from C$185.00 to C$190.00 and gave the company a buy rating in a report on Monday, April 22nd. Finally, Raymond James boosted their price objective on shares of goeasy from C$166.00 to C$200.00 and gave the stock an outperform rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$191.89.

goeasy Price Performance

Shares of TSE GSY opened at C$176.90 on Friday. 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$2.94 billion, a PE ratio of 12.22, a P/E/G ratio of 0.84 and a beta of 2.03. The stock has a fifty day moving average price of C$166.09 and a 200 day moving average price of C$150.91. goeasy has a 1-year low of C$87.00 and a 1-year high of C$180.10.

goeasy (TSE:GSY) last issued its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, beating the consensus estimate of C$3.92 by C$0.09. The business had revenue of C$338.11 million for 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%. Sell-side analysts forecast that goeasy will post 16.5811069 EPS for the current year.

goeasy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $1.17 per share. 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 (DPR) 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 on Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total transaction 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.