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goeasy (GSY-T)
TSE:GSY
170.01
3.88
(2.23%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Flat markets, rising yieldsMost Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).This summary was created by AI, based on 31 opinions in the last 12 months.
Experts have mixed opinions on GSY stock. While some analysts recommend holding due to the company's strong operations, undemanding valuation, and potential for growth, others express concern about factors such as a recent CEO transition, past dividend hikes, and potential headwinds in the Canadian lending market. Overall, the company is seen as a solid long-term hold with potential for upside, although caution is advised due to the potential for volatility.
$172.910
Unknown
We do not really have a specific reason here. It has had no company news in more than a month. Investors may be shifting to other hotter sectors. Trump has made comments about capping interest rates. The last quarter was not a blow-out. It's been more than a year since the last dividend hike. There is a CEO transition. At less than 10X earnings, we are not particularly concerned here. The company has adapted and thrived in all sorts of challenges and economic backdrops. We think 'now' is attractive, and at $150 (close to its prior low) very attractive.
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Our PAST TOP PICK with GSY has triggered its stop at $165. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment loss of 7%.
One of the best compounders in Canada. Tremendous management team, confident they'll find a capable CEO. Very strong operations. Organic growth rate has been good. Undemanding valuation. Well-developed risk management. Good hold for years to come.
Alternative lender. Headwind in Canada because of interest rate it's allowed to charge on loans, but those issues are mostly in the past. Instead, he's recently been buying PRL.
Following recently released earnings showing a 26% increase in operating earnings and a 16% increase in loan originations, we reiterate the leader in Canadian sub-prime loans as a TOP PICK. It currently trades at 11x earnings, 2.5x book value and supports a 25% ROE. We note that their debt is rising modestly, so we recommend trailing up the stop (from $150) to $165, looking to achieve $235 -- upside potential over 30%. Yield 2.5%
(Analysts’ price target is $235.56)The banks lending Canadian lending, but forces like immigration favour companies like this. But their CEO left suddenly. It's been a nice bet for 15 as rates declined, but now now. Wait and see. Don't sell, but it could be a buy. It will be choppy.
Management issues a concern, but company very strong. Credit lending very good. Earnings expected to grow. Price to growth very good. Would recommend buying.
Long time investor. Has owned for over 10 years. Recent share price weakness a good time to buy. Market has oversold some of the recent announcements. Expecting loan book to grow to $6 billion. $30/share earnings not out of the question. A 6x earnings multiple would imply a ~$180 share price.
It is a non-bank credit company. If you're looking for a specialty finance company there are a number of larger more mature ones out there. This one has too much volatility for him.
As one of Canada's leading non-prime lenders to consumers, we reiterate GSY as a TOP PICK. We like that cash reserves are growing, while debt is aggressively retired. It trades at 12x earnings, 2.6x book and supports a ROE of 25%. Recently reported Q2 earnings set a record for the company as credit applications rose 34%. It's dividend is backed by a payout ratio under 30% of cash flow. We recommend maintaining a stop at $150, looking to achieve $227 -- upside potential of 27%. Yield 2.4%
(Analysts’ price target is $227.14)Continues to be a super-strong company. In the face of uncertainty and adversity, continues to move higher. Earnings and dividend continue to grow. One concern is what happens if there's a significant slowdown, (as lots of their loans are unsecured)? Loan loss numbers just get better and better.
Robust cashflow, consistent revenue growth. Company looks pretty strong. He'd like to see it demonstrate consistent earnings growth; if it did, he'd move it from Buy to Strong Buy. Don't let short-term performance dissuade you on this one.
GSY posted EPS of $4.1 vs $4.03 expected. Revenues were $378 mln vs $373 mln expected. Revenue view for the full year looks in line with expectations as well with the longer-term growth guidance increased. Revenue and EPS were up 25% and loan growth was up 37%. Overall we don't see a whole lot to pick on here.
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Also safe and steady and undervalued is this lender. It trades at 13.75x PE, slightly higher than its historic average of 12.03x, but below the industry's 15x. GSY pays a 2.33% dividend yield at a low 27.24% payout ratio. The beta, though, is a tad high at 1.93, while shares have rallied about 30% this year.
goeasy(GSY-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 16
Neutral - Hold Signals / Votes : 5
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 23
goeasy(GSY-T) Frequently Asked Questions
What is goeasy stock symbol?
goeasy is a Canadian stock, trading under the symbol GSY-T on the Toronto Stock Exchange (GSY-CT). It is usually referred to as TSX:GSY or GSY-T
Is goeasy a buy or a sell?
In the last year, 23 stock analysts published opinions about GSY-T. 16 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for goeasy.
Is goeasy a good investment or a top pick?
goeasy was recommended as a Top Pick by on . Read the latest stock experts ratings for goeasy.
Why is goeasy stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is goeasy worth watching?
23 stock analysts on Stockchase covered goeasy In the last year. It is a trending stock that is worth watching.
What is goeasy stock price?
On 2025-01-10, goeasy (GSY-T) stock closed at a price of $170.01.
Keep holding if you have it. It is performing at the operating level and should outperform in 2025. It has been going sideways and is ready to break out.