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

goeasy Ltd. (TSE:GSY)’s share price reached a new 52-week high during mid-day trading 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GSY shares. Raymond James lifted their price objective on shares of goeasy from C$200.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Desjardins boosted their price target 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, May 8th. CIBC boosted their price target on shares of goeasy from C$220.00 to C$230.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Colliers Securities boosted their price target on shares of goeasy from C$200.00 to C$220.00 in a research report on Wednesday, May 8th. Finally, Scotiabank boosted their price target on shares of goeasy from C$190.00 to C$200.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, goeasy presently has an average rating of “Moderate Buy” and an average price target of C$208.80.

goeasy Trading Up 1.6 %

The company has a debt-to-equity ratio of 284.07, a current ratio of 26.61 and a quick ratio of 28.46. The business’s 50 day moving average price is C$182.76 and its 200-day moving average price is C$169.32. The firm has a market capitalization of C$3.30 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.84 and a beta of 1.95.

goeasy (TSE:GSY) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.77 by C$0.06. goeasy had a net margin of 33.32% and a return on equity of 25.47%. The business had revenue of C$357.11 million for the quarter, compared to analyst estimates of C$350.44 million. Equities analysts forecast that goeasy Ltd. will post 17.2156863 EPS for the current fiscal year.

goeasy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, July 12th will be given a dividend of $1.17 per share. The ex-dividend date 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%.

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.