Desjardins Trims goeasy (TSE:GSY) Target Price to C$210.00

goeasy (TSE:GSY) had its price target decreased by Desjardins from C$215.00 to C$210.00 in a research report report published on Wednesday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for goeasy’s Q3 2024 earnings at $4.14 EPS, Q4 2024 earnings at $4.53 EPS, FY2024 earnings at $16.61 EPS, FY2025 earnings at $19.73 EPS and FY2026 earnings at $22.53 EPS.

GSY has been the subject of several other reports. BMO Capital Markets lowered shares of goeasy from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$218.00 to C$202.00 in a report on Tuesday, October 22nd. Scotiabank raised their target price on goeasy from C$215.00 to C$222.00 in a research note on Friday, August 9th. Finally, National Bankshares lifted their price target on goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$218.78.

goeasy Trading Up 3.1 %

TSE GSY opened at C$174.30 on Wednesday. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. goeasy has a fifty-two week low of C$108.14 and a fifty-two week high of C$206.02. The stock has a market cap of C$2.93 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The stock has a 50 day simple moving average of C$182.31 and a two-hundred day simple moving average of C$183.59.

goeasy (TSE:GSY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share for the quarter, beating the consensus estimate of C$4.01 by C$0.09. goeasy had a net margin of 33.40% and a return on equity of 25.28%. The business had revenue of C$377.80 million for the quarter, compared to analysts’ expectations of C$372.40 million. On average, analysts forecast that goeasy will post 20.3207343 earnings per share for the current year.

goeasy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid a $1.17 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.69%. goeasy’s dividend payout ratio is currently 30.45%.

Insider Activity

In related news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total value of C$846,000.00. Corporate insiders own 22.05% of the company’s stock.

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.