goeasy (TSE:GSY) Hits New 12-Month Low - Here's Why

Key Points

• 52-week low: goeasy shares plunged to a new 52-week low, trading as low as C$58.26 and last at C$60.52 (down about 47.6% from the prior close of C$115.55) on volume of 663,000 shares.
• Analysts have trimmed price targets and ratings in recent months—several cuts and downgrades were noted—though the MarketBeat consensus remains a “Moderate Buy” with an average target of C$180.33.
• Key fundamentals: market cap C$969.89M, P/E 4.41 and PEG 0.84, but a very high debt-to-equity ratio of 383.82; the company pays a quarterly dividend that annualizes to C$5.84 for a 9.6% yield and a ~40% payout ratio.

goeasy Ltd. (TSE:GSY - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as C$58.26 and last traded at C$60.52, with a volume of 663000 shares. The stock had previously closed at C$115.55.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GSY shares. Scotiabank cut their price objective on shares of goeasy from C$225.00 to C$210.00 in a research report on Friday, January 30th. BMO Capital Markets decreased their target price on goeasy from C$225.00 to C$170.00 and set an "outperform" rating for the company in a research report on Wednesday, March 4th. Jefferies Financial Group cut their price objective on shares of goeasy from C$225.00 to C$194.00 in a report on Monday, November 10th. TD Securities lowered goeasy from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$160.00 to C$135.00 in a report on Monday, January 19th. Finally, Raymond James Financial downgraded shares of goeasy from a "moderate buy" rating to a "hold" rating and cut their price target for the company from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, goeasy has a consensus rating of "Moderate Buy" and an average target price of C$180.33.

goeasy Trading Down 47.6%

The stock has a fifty day simple moving average of C$124.65 and a 200 day simple moving average of C$147.78. The firm has a market capitalization of C$969.89 million, a P/E ratio of 4.41, a PEG ratio of 0.84 and a beta of 0.16. The company has a quick ratio of 28.46, a current ratio of 42.83 and a debt-to-equity ratio of 383.82.

goeasy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, January 9th were issued a $1.46 dividend. This represents a $5.84 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Wednesday, December 24th. goeasy's payout ratio is currently 40.48%.

goeasy Company Profile

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. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.

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