goeasy (TSE:GSY) Hits New 1-Year Low - Here's Why

Key Points

• goeasy Ltd. shares reached a new 52-week low of C$132.62, down 13.0% from a previous close of C$161.76, with a trading volume of 65,676 shares.
• The company recently announced a quarterly dividend of $1.46 per share and has an annualized dividend yield of 4.1%, with a payout ratio of 31.67%.
• Despite the stock's decline, analysts maintain a positive outlook, with six recommending a Buy rating and an average target price of C$223.38.

goeasy Ltd. (TSE:GSY - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as C$132.62 and last traded at C$133.24, with a volume of 65676 shares changing hands. The stock had previously closed at C$161.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on goeasy from C$228.00 to C$232.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Scotiabank raised 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. Jefferies Financial Group dropped their price target on shares of goeasy from C$230.00 to C$225.00 in a research note on Tuesday. Raymond James Financial upped their target price on shares of goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada set a C$194.00 price target on goeasy and gave the stock a "hold" rating in a research note on Wednesday, October 1st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$223.38.

goeasy Stock Down 13.0%

The company has a market capitalization of C$2.26 billion, a PE ratio of 8.47, a P/E/G ratio of 0.84 and a beta of 0.92. The company has a debt-to-equity ratio of 287.63, a current ratio of 82.04 and a quick ratio of 28.46. The company has a 50-day moving average of C$181.32 and a two-hundred day moving average of C$173.62.

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, October 10th were paid a dividend of $1.46 per share. The ex-dividend date was Friday, September 26th. This represents a $5.84 dividend on an annualized basis and a dividend yield of 4.1%. goeasy's payout ratio is 31.67%.

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.

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