CIBC Boosts goeasy (TSE:GSY) Price Target to C$200.00

goeasy (TSE:GSY) had its price objective raised by CIBC from C$175.00 to C$200.00 in a report released on Wednesday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

GSY has been the topic of several other reports. Cormark lifted their price target on shares of goeasy from C$193.00 to C$200.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Desjardins raised their price objective on shares of goeasy from C$165.00 to C$185.00 and gave the stock a buy rating in a research report on Friday, February 9th. Scotiabank raised 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 report on Wednesday, January 31st. National Bankshares raised their price objective on shares of goeasy from C$190.00 to C$195.00 and gave the stock an outperform rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada raised 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 report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$189.11.

goeasy Price Performance

Shares of GSY opened at C$173.43 on Wednesday. goeasy has a twelve month low of C$87.00 and a twelve month high of C$180.10. The firm’s fifty day simple moving average is C$165.45 and its 200-day simple moving average is C$148.02. The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.84 and a beta of 2.03. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25.

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, beating 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 business had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. Equities analysts forecast that goeasy will post 16.5811069 EPS for the current fiscal year.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.17 dividend. This is a boost from goeasy’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.70%. goeasy’s dividend payout ratio (DPR) is 32.32%.

Insider Activity at goeasy

In related news, Director David Ingram sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. Company 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.