goeasy (TSE:GSY) Hits New 52-Week High at $200.57

goeasy Ltd. (TSE:GSY)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$200.57 and last traded at C$200.56, with a volume of 4299 shares trading hands. The stock had previously closed at C$199.83.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GSY shares. CIBC lifted their price objective on goeasy from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets boosted their price target on goeasy from C$192.00 to C$208.00 in a research report on Thursday, May 9th. Royal Bank of Canada raised their price objective on goeasy from C$201.00 to C$225.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Raymond James increased their target price on shares of goeasy from C$200.00 to C$225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Scotiabank boosted their price target on shares of goeasy from C$190.00 to C$200.00 in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$208.80.

goeasy Trading Up 1.3 %

The company has a quick ratio of 28.46, a current ratio of 26.61 and a debt-to-equity ratio of 284.07. The company’s 50-day moving average is C$183.69 and its 200-day moving average is C$170.08. The stock has a market capitalization of C$3.39 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.84 and a beta of 1.95.

goeasy (TSE:GSY) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.77 by C$0.06. The business had revenue of C$357.11 million during the quarter, compared to the consensus estimate of C$350.44 million. goeasy had a net margin of 33.32% and a return on equity of 25.47%. Research analysts anticipate that goeasy Ltd. will post 17.2156863 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, July 12th will be given a $1.17 dividend. The ex-dividend date is Friday, June 28th. This represents a $4.68 dividend on an annualized basis and a yield of 2.31%. goeasy’s dividend payout ratio is currently 31.47%.

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.