goeasy (TSE:GSY) Downgraded by BMO Capital Markets

BMO Capital Markets lowered shares of goeasy (TSE:GSY) from an outperform rating to a market perform rating in a report published on Tuesday, MarketBeat reports. BMO Capital Markets currently has C$202.00 target price on the stock, down from their previous target price of C$218.00.

GSY has been the topic of several other research reports. National Bankshares upped their price objective 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. Scotiabank upped their price target on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, goeasy currently has a consensus rating of “Moderate Buy” and an average price target of C$218.78.

goeasy Trading Up 3.1 %

Shares of GSY stock opened at C$174.30 on Tuesday. The company has a market cap of C$2.93 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. goeasy has a 1 year low of C$108.14 and a 1 year high of C$206.02. The stock’s 50 day simple moving average is C$182.31 and its two-hundred day simple moving average is C$183.44. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46.

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

goeasy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid 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 is currently 30.45%.

Insider Activity at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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.

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.