goeasy (TSE:GSY) Cut to Market Perform at BMO Capital Markets

BMO Capital Markets cut shares of goeasy (TSE:GSY) from an outperform rating to a market perform rating in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have C$202.00 target price on the stock, down from their previous target price of C$218.00.

A number of other equities analysts have also issued reports on the company. National Bankshares raised their target price on goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Scotiabank lifted their price target on goeasy from C$215.00 to C$222.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$218.78.

goeasy Price Performance

Shares of GSY opened at C$174.30 on Tuesday. The company has a 50 day moving average of C$182.31 and a two-hundred day moving average of C$183.44. The company has a quick ratio of 28.46, a current ratio of 15.97 and a debt-to-equity ratio of 289.31. goeasy has a twelve month low of C$108.14 and a twelve month high of C$206.02. The company has a market cap of C$2.93 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

goeasy (TSE:GSY) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, topping analysts’ consensus estimates of C$4.01 by C$0.09. goeasy had a return on equity of 25.28% and a net margin of 33.40%. The firm had revenue of C$377.80 million during the quarter, compared to analysts’ expectations of C$372.40 million. As a group, analysts predict that goeasy will post 20.3207343 earnings per share for the current fiscal year.

goeasy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were given a dividend of $1.17 per share. The ex-dividend date was Friday, September 27th. This represents a $4.68 annualized dividend and a dividend yield of 2.69%. goeasy’s dividend payout ratio (DPR) is presently 30.45%.

Insider Activity at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of goeasy stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total value of C$846,000.00. 22.05% of the stock is currently owned by corporate insiders.

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.