goeasy (TSE:GSY) Reaches New 52-Week High at $195.00

goeasy Ltd. (TSE:GSY)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$195.00 and last traded at C$195.18, with a volume of 78253 shares traded. The stock had previously closed at C$189.39.

Wall Street Analyst Weigh In

GSY has been the topic of several recent research reports. CIBC upped their price target on goeasy from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Scotiabank increased their target price on goeasy from C$190.00 to C$200.00 in a research note on Thursday, May 9th. Colliers Securities increased their target price on goeasy from C$200.00 to C$220.00 in a research note on Wednesday, May 8th. Raymond James increased their target price on goeasy from C$200.00 to C$225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, National Bankshares increased their target price on goeasy from C$195.00 to C$210.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$208.80.

goeasy Stock Up 1.6 %

The company has a quick ratio of 28.46, a current ratio of 26.61 and a debt-to-equity ratio of 284.07. The company has a fifty day moving average price of C$182.76 and a 200-day moving average price of C$169.32. The stock has a market capitalization of C$3.30 billion, a P/E ratio of 13.26, a PEG ratio of 0.84 and a beta of 1.95.

goeasy (TSE:GSY) last issued its 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. goeasy had a return on equity of 25.47% and a net margin of 33.32%. The firm had revenue of C$357.11 million for the quarter, compared to analysts’ expectations of C$350.44 million. As a group, research analysts forecast that goeasy Ltd. 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, July 12th. Shareholders of record on Friday, July 12th will be paid a dividend of $1.17 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.68 annualized dividend and a yield of 2.37%. goeasy’s payout ratio is currently 31.47%.

goeasy Company Profile

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.