goeasy (TSE:GSY) Reaches New 52-Week High Following Analyst Upgrade

Shares of goeasy Ltd. (TSE:GSY - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Royal Bank of Canada raised their price target on the stock from C$195.00 to C$201.00. Royal Bank of Canada currently has an outperform rating on the stock. goeasy traded as high as C$180.50 and last traded at C$180.31, with a volume of 11249 shares changing hands. The stock had previously closed at C$176.90.

GSY has been the topic of a number of other research reports. Desjardins lifted their price target on goeasy from C$185.00 to C$190.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Raymond James boosted their price target on goeasy from C$166.00 to C$200.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Scotiabank boosted their price target on 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 upped their price objective on 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, CIBC boosted their target price on goeasy from C$200.00 to C$220.00 and gave the stock an "outperform" rating in a report on Friday. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$192.56.

Insider Buying and Selling

In other news, Director David Ingram sold 30,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. 22.53% of the stock is currently owned by insiders.

goeasy Stock Up 2.0 %

The stock's 50-day moving average price is C$166.09 and its two-hundred day moving average price is C$150.91. The stock has a market capitalization of C$3.00 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.84 and a beta of 2.03. The company has a current ratio of 15.62, a quick ratio of 28.46 and a debt-to-equity ratio of 278.25.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, topping the consensus estimate 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 company had revenue of C$338.11 million during the quarter, compared to the consensus estimate of C$340.35 million. As a group, research analysts expect that goeasy Ltd. will post 16.5811069 earnings per share for the current fiscal year.

goeasy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.59%. This is a boost from goeasy's previous quarterly dividend of $0.96. goeasy's dividend payout ratio (DPR) is 32.32%.

goeasy Company Profile

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.