goeasy (TSE:GSY) Hits New 52-Week High on Analyst Upgrade

goeasy Ltd. (TSE:GSY) shares reached a new 52-week high during mid-day trading on Monday after National Bankshares raised their price target on the stock from C$195.00 to C$210.00. National Bankshares currently has an outperform rating on the stock. goeasy traded as high as C$180.50 and last traded at C$180.31, with a volume of 11249 shares traded. The stock had previously closed at C$176.90.

A number of other brokerages have also weighed in on GSY. Desjardins lifted their price objective on goeasy from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Scotiabank upped their price objective on shares of goeasy from C$183.00 to C$190.00 and gave the stock a “sector perform” rating in a report on Tuesday. Raymond James lifted their target price on shares of goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada increased their price target on shares of goeasy from C$195.00 to C$201.00 and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$196.44.

Insiders Place Their Bets

In related news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total value of C$4,727,400.00. Corporate insiders own 22.53% of the company’s stock.

goeasy Trading Down 2.5 %

The stock has a market cap of C$2.93 billion, a PE ratio of 12.16, a PEG ratio of 0.84 and a beta of 2.03. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. The stock’s fifty day moving average price is C$166.24 and its 200 day moving average price is C$151.83.

goeasy (TSE:GSY) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, beating the consensus estimate of C$3.92 by C$0.09. goeasy had a return on equity of 25.77% and a net margin of 33.21%. The company had revenue of C$338.11 million for the quarter, compared to analysts’ expectations of C$340.35 million. On average, sell-side analysts forecast that goeasy Ltd. will post 16.5811069 EPS for the current year.

goeasy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.17 dividend. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Wednesday, March 27th. goeasy’s dividend payout ratio (DPR) is 32.32%.

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.