CIBC Boosts goeasy (TSE:GSY) Price Target to C$220.00

goeasy (TSE:GSY - Get Free Report) had its target price hoisted by analysts at CIBC from C$200.00 to C$220.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's price objective would indicate a potential upside of 24.36% from the company's current price.

Several other brokerages have also recently issued reports on GSY. BMO Capital Markets upped their price objective 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. Scotiabank upped their price objective 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. Cormark increased their price target on shares of goeasy from C$193.00 to C$200.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Desjardins increased their price target 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. Finally, Royal Bank of Canada increased their price target on shares of goeasy from C$193.00 to C$195.00 and gave the company an "outperform" rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$191.89.

goeasy Price Performance

Shares of GSY traded up C$0.90 during mid-day trading on Friday, hitting C$176.90. 36,899 shares of the company were exchanged, compared to its average volume of 40,259. goeasy has a 1-year low of C$87.00 and a 1-year high of C$180.10. The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62. The company has a 50 day moving average of C$166.10 and a 200-day moving average of C$149.92. The stock has a market cap of C$2.94 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03.

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

Insider Activity at goeasy

In other goeasy news, Director David Ingram sold 30,000 shares of the firm's stock in a transaction on 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. Insiders own 22.53% 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.