goeasy (TSE:GSY) Stock Passes Above Fifty Day Moving Average of $162.32

goeasy Ltd. (TSE:GSYGet Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$162.32 and traded as high as C$164.75. goeasy shares last traded at C$162.29, with a volume of 17,446 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted 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. Royal Bank of Canada raised their target price on shares of goeasy from C$193.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. National Bankshares raised their target price on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Desjardins raised their target price on shares of goeasy from C$165.00 to C$185.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, CIBC raised their target price on shares of goeasy from C$160.00 to C$175.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, goeasy has an average rating of “Moderate Buy” and a consensus target price of C$186.33.

Check Out Our Latest Stock Analysis on goeasy

goeasy Price Performance

The business’s 50 day moving average is C$162.43 and its two-hundred day moving average is C$139.42. The firm has a market cap of C$2.69 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.84 and a beta of 2.03. The company has a quick ratio of 28.46, a current ratio of 15.62 and a debt-to-equity ratio of 278.25.

goeasy (TSE:GSYGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$338.11 million during the quarter, compared to the consensus estimate of C$340.35 million. As a group, analysts anticipate that goeasy Ltd. will post 16.6760417 earnings per share for the current year.

goeasy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a $1.17 dividend. This is an increase from goeasy’s previous quarterly dividend of $0.96. This represents a $4.68 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, March 27th. goeasy’s payout ratio is 32.34%.

Insider Buying and Selling at goeasy

In other goeasy news, Director David Ingram sold 30,000 shares of goeasy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. Insiders own 22.67% of the company’s stock.

About goeasy

(Get Free Report)

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 real estate 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.

Further Reading

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