goeasy (TSE:GSY) Sets New 1-Year Low – Time to Sell?

goeasy Ltd. (TSE:GSY) reached a new 52-week low during trading on Monday . The stock traded as low as C$134.01 and last traded at C$135.64, with a volume of 24692 shares changing hands. The stock had previously closed at C$141.81.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GSY shares. Jefferies Financial Group lowered their price target on shares of goeasy from C$228.00 to C$215.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Raymond James upped their price target on goeasy from C$230.00 to C$245.00 in a research report on Tuesday, February 18th. BMO Capital Markets upgraded shares of goeasy from a “market perform” rating to an “outperform” rating and cut their price objective for the company from C$207.00 to C$200.00 in a research report on Friday, March 14th. Finally, TD Securities set a C$199.00 target price on shares of goeasy and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$220.60.

goeasy Price Performance

The stock has a market capitalization of C$2.55 billion, a PE ratio of 9.24, a PEG ratio of 0.84 and a beta of 1.87. The business has a fifty day moving average price of C$158.24 and a 200-day moving average price of C$169.02. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63.

goeasy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, April 11th will be given a $1.46 dividend. This represents a $5.84 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, March 28th. This is a boost from goeasy’s previous quarterly dividend of $1.17. goeasy’s dividend payout ratio (DPR) is presently 28.45%.

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.