goeasy (TSE:GSY) Reaches New 1-Year Low – Should You Sell?

Shares of goeasy Ltd. (TSE:GSY) reached a new 52-week low on Wednesday . The stock traded as low as C$124.57 and last traded at C$127.69, with a volume of 109415 shares traded. The stock had previously closed at C$126.54.

Analysts Set New Price Targets

GSY has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their price objective on goeasy from C$225.00 to C$194.00 in a research note on Monday. Scotiabank raised shares of goeasy from a “hold” rating to an “outperform” rating and set a C$225.00 target price on the stock in a report on Thursday, October 16th. Royal Bank Of Canada cut their price target on goeasy from C$194.00 to C$156.00 in a report on Friday, November 7th. BMO Capital Markets dropped their price objective on goeasy from C$232.00 to C$226.00 in a report on Thursday, November 6th. Finally, National Bankshares cut their target price on goeasy from C$265.00 to C$245.00 in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$203.00.

goeasy Stock Performance

The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The company has a market cap of C$2.08 billion, a PE ratio of 9.43, a PEG ratio of 0.84 and a beta of 0.92. The business’s 50-day moving average is C$174.70 and its 200 day moving average is C$173.14.

goeasy (TSE:GSY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$1.98 EPS for the quarter. goeasy had a net margin of 19.49% and a return on equity of 25.26%. The company had revenue of C$440.22 million during the quarter. On average, equities research analysts predict that goeasy Ltd. will post 20.3207343 EPS for the current fiscal year.

goeasy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, October 10th were given a dividend of $1.46 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $5.84 dividend on an annualized basis and a yield of 4.5%. goeasy’s dividend payout ratio is presently 40.48%.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers.