goeasy ltd. (TSE:GSY) – Investment analysts at Cormark have raised their fourth quarter 2022 earnings per share estimate for goeasy in a research report released Friday, February 18. Cormark analyst J. Fenwick now expects the company to post earnings per share of $3.45 for the quarter, up from its previous estimate of $3.44. Cormark also released goeasy earnings estimates for the fourth quarter of 2023 at $4.13 EPS.
Other stock analysts have also recently released research reports on the stock. National Bank Financial raised its target price on goeasy shares to C$220.00 and gave the company an “outperform” rating in a Friday, Nov. 5 research note. BMO Capital Markets raised its price target on goeasy shares from C$207.00 to C$226.00 and gave the company an “na” rating in a Friday, Nov. 5, report. Raymond James reiterated an “outperform” rating and set a price target of C$207.00 on goeasy shares in a Friday, February 18 report. Scotiabank launched a hedge on goeasy shares in a Monday, November 29 report. They set a “holding” rating and price target of C$206.00 for the stock. Finally, TD Securities reduced its price target on goeasy shares from C$260.00 to C$240.00 and set a “buy” rating on the stock in a Thursday, January 27 report. One equity research analyst gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus buy rating and an average price target of C$213.25.
Shares of TSE GSY opened at C$145.28 on Monday. goeasy has a fifty-two week low of C$114.58 and a fifty-two week high of C$218.35. The company has a 50-day simple moving average of C$162.71 and a 200-day simple moving average of C$181.35. The company has a market cap of C$2.35 billion and a price-to-earnings ratio of 9.94. The company has a debt ratio of 209.19, a quick ratio of 15.28 and a current ratio of 15.34.
The company also recently announced a quarterly dividend, which was paid on Friday, January 14. Investors of record on Friday, January 14 received a dividend of $0.66. This represents an annualized dividend of $2.64 and a yield of 1.82%. The ex-dividend date was Thursday, December 30. goeasy’s dividend payout ratio is currently 18.06%.
Separately, director Susan Doniz purchased 150 shares of the company in a transaction that took place on Monday, November 29. The shares were purchased at an average price of CA$187.44 per share, for a total transaction of CA$28,116.00. Following the completion of the acquisition, the director now owns 1,850 shares of the company, valued at approximately C$346,764.
goeasy ltd. provides loans and other financial services to consumers in Canada. It also rents household products to consumers. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, as well as secured savings loans; loan protection plans; and optional home and auto insurance products, which offer roadside assistance and a suite of other support services, as well as credit monitoring services.
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