goeasy (TSE:GSY) Given New C$201.00 Price Target at Royal Bank of Canada

goeasy (TSE:GSY) had its price objective lifted by Royal Bank of Canada from C$195.00 to C$201.00 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Cormark boosted their price objective on shares of goeasy from C$193.00 to C$200.00 and gave the company a buy rating in a research report on Wednesday, February 14th. National Bankshares boosted their target price on shares of goeasy from C$190.00 to C$195.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Scotiabank boosted their target price on shares of goeasy from C$145.00 to C$170.00 and gave the company a sector perform rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their target price on shares of goeasy from C$187.00 to C$192.00 and gave the company an outperform rating in a research note on Thursday, February 15th. Finally, Desjardins boosted their target price on shares of goeasy from C$185.00 to C$190.00 and gave the company a buy rating in a research note on Monday, April 22nd. 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 presently has an average rating of Moderate Buy and a consensus target price of C$196.44.

goeasy Price Performance

Shares of TSE:GSY opened at C$178.72 on Monday. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25. goeasy has a fifty-two week low of C$87.00 and a fifty-two week high of C$180.65. The firm has a 50-day simple moving average of C$166.59 and a 200 day simple moving average of C$152.02. The company has a market cap of C$2.97 billion, a PE ratio of 12.34, a P/E/G ratio of 0.84 and a beta of 1.97.

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 during the quarter, compared to the consensus estimate of C$340.35 million. On average, sell-side analysts anticipate that goeasy will post 16.6561044 EPS for the current year.

goeasy Increases Dividend

The business 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 a positive change from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Wednesday, March 27th. goeasy’s dividend payout ratio is currently 32.32%.

Insider Transactions at goeasy

In other news, Director David Ingram sold 30,000 shares of the company’s stock in a transaction that occurred on 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 22.18% 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.