goeasy (TSE:GSY) Hits New 1-Year High at $184.28

Shares of goeasy Ltd. (TSE:GSY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$184.28 and last traded at C$183.49, with a volume of 21504 shares changing hands. The stock had previously closed at C$181.60.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. National Bankshares boosted their price objective on goeasy from C$195.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Desjardins increased their price objective on shares of goeasy from C$190.00 to C$205.00 and gave the company a “buy” rating in a research report on Wednesday. Cormark lifted their price objective on shares of goeasy from C$193.00 to C$200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Colliers Securities upped their price objective on goeasy from C$200.00 to C$220.00 in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on goeasy from C$201.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, goeasy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$206.20.

goeasy Stock Up 3.3 %

The firm’s 50-day simple moving average is C$168.49 and its 200 day simple moving average is C$154.58. The company has a market capitalization of C$3.17 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.84 and a beta of 1.97. The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62.

goeasy (TSE:GSY) last announced its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.92 by C$0.09. goeasy had a net margin of 33.21% and a return on equity of 25.77%. The firm had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. As a group, equities research analysts forecast that goeasy Ltd. will post 16.6561044 earnings per share for the current year.

goeasy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.17 dividend. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 27th. goeasy’s dividend payout ratio is currently 32.32%.

Insiders Place Their Bets

In related news, Director David Ingram sold 30,000 shares of the firm’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. 22.18% of the stock is currently owned by 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.