goeasy (TSE:GSY) Given New C$222.00 Price Target at Scotiabank

goeasy (TSE:GSY) had its price target boosted by Scotiabank from C$215.00 to C$222.00 in a research note released on Friday, BayStreet.CA reports.

Several other analysts have also recently commented on the company. Colliers Securities lifted their price target on goeasy from C$200.00 to C$220.00 in a report on Wednesday, May 8th. Royal Bank of Canada increased their price target on shares of goeasy from C$201.00 to C$225.00 and gave the stock an outperform rating in a research note on Wednesday, May 8th. National Bankshares boosted 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 note on Monday, July 29th. Desjardins upped their price objective on goeasy from C$190.00 to C$205.00 and gave the stock a buy rating in a report on Wednesday, May 8th. Finally, CIBC lifted their target price on goeasy from C$220.00 to C$230.00 and gave the company an outperform rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$219.67.

goeasy Price Performance

Shares of GSY traded down C$7.69 during trading hours on Friday, reaching C$187.29. 133,432 shares of the company traded hands, compared to its average volume of 47,419. The stock has a market capitalization of C$3.13 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.84 and a beta of 1.95. The stock has a fifty day simple moving average of C$190.61 and a 200 day simple moving average of C$176.03. goeasy has a fifty-two week low of C$101.34 and a fifty-two week high of C$206.02. The company has a quick ratio of 28.46, a current ratio of 26.61 and a debt-to-equity ratio of 284.07.

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

goeasy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $1.17 per share. The ex-dividend date is Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a yield of 2.50%. goeasy’s dividend payout ratio (DPR) is 31.47%.

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.