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goeasy (GSY-T)
TSE:GSY
172.28
1.09
(0.64%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Based on the reviews from different experts, it can be concluded that goeasy (GSY-T) is a well-managed company with a strong credit lending business. The recent increase in loan originations and earnings growth has been positively received by analysts, despite concerns about management issues and potential impact from a credit cycle. The company's consistent earnings growth, growing cash reserves, and aggressive debt retirement are seen as positive indicators for its future performance.
$174.150
Unknown
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.
The greater the base, the better the case. Once you get a breakout from a long base, it's good news. From chart, might be coming into a level of resistance seen in 2021. May pause and retrace closer to 200-day MA, but if it breaks through, more upside. Overall, looks pretty good.
Very good business - one of top holdings. One of the best financial companies in Canada. Consistent return on capital. Trades at single digit multiple. Safe dividend that is healthy. Recent CEO change a surprise - but not a concern (will continue to own shares). Has been adding new business lines to the company which will generate more profits.
Chart's pulled back, but still participating in the rally. Great choice in the financial services sector, doing well compared even to some Canadian banks. 18% upside to street's price target. Nice upward trend, sees it continuing. Until it breaks down, she likes it.
(Analysts’ price target is $224.00)GSY loans money at higher interest rates to consumers who can not qualify for traditional bank financing. Their secret is in risk management and they do it well as increasing cash reserves and aggressive debt retirement indicates. It trades at 12x earnings and supports a 25% ROE. Its dividend is backed by a payout ratio under 30% of cash flow. We recommend setting a stop loss at $150, looking to achieve $224 -- upside potential of 26%. Yield 2.2%
(Analysts’ price target is $224.78)Quality company, but worried about credit cycle. Unemployment numbers ticking up. Sub prime borrowers could be affected by upcoming credit crunch. Would recommend holding off from investing in this company for now.
goeasy(GSY-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 15
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 20
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, 20 stock analysts published opinions about GSY-T. 15 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?
20 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 2024-11-20, goeasy (GSY-T) stock closed at a price of $172.28.
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)