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Investor Insights

This summary was created by AI, based on 21 opinions in the last 12 months.

Experts have a positive outlook on GSY-T, highlighting its strong financial position, consistent earnings growth, innovation in new markets and products, and record customer applications for credit. However, concerns are raised about its non-prime lending business model, potential impact of a recession, and regulatory uncertainty. Overall, the stock has shown solid performance, but caution is advised due to the high-interest, high default rate nature of its lending business.

Consensus
Positive
Valuation
Fair Value
Similar
CBO-T, Canadian Banc Capital Corporation
HOLD
goeasy

Might be technically a bit of a head and shoulders patterns, but still more to go. Solid last quarter, EPS beat by 10%. For stock to work, need no recession, and there's 70-80% chance of no recession at this point. 8x, 16% growth rate.

Financial Services
PARTIAL BUY
goeasy

A non-traditional (aka: high-interest, high default rate) lender. He owns it, because both earnings and price momentum have been in his favour. Has had a considerable bounce. 

For a stock like this, don't buy your position all at once. Buy 1/3 of your position. Then, in 2 weeks or a month, buy another 1/3. If it goes down and you still like it, makes buying that second 1/3 very easy. Very hard to pick the bottom, or the top.

Financial Services
BUY
goeasy

It is the biggest position in his fund and his personal holdings. It is positioned extremely well along with a consistent ROE of over 20% over the past 10 years. It grows its earnings well and is the top performing financial stock in the past 10 years. It has met or exceeded its targets every time and is innovative with new markets and products. It could be introducing a credit card product this year. Its lending business is non-prime and it has 400 locations as well as a point-of-sale business.

Financial Services
BUY ON WEAKNESS
goeasy

Still not expensive at 8x 2024, with 16% growth rate. Technically, had a big move, seeing a head and shoulders pattern. Solid last quarter, record earnings, stable credit. Earnings up 30% YOY. Well positioned to navigate rising rates. Key concern is can it hold these levels in a recession? Better view is yes. A name to own on a pullback.

Financial Services
TOP PICK
goeasy

A top compounder since 2012 when they became a non-prime lender. They continued to raise their dividend. They're moving into car loans, which is underserved in Canada. In recent years have done a great job reducing their debt. Trades at a low PE. The only caveat is a recession. Howeer, 41% of their loans are secured by assets.

(Analysts’ price target is $183.11)
Financial Services
DON'T BUY
goeasy

It looks cheap, but GSY is a non-prime lender that's unsecured at very high interest rates. He's not saying their business isn't good, but if we're headed into a recession, he'd be worried about GSY. They recently had to refinance a bond that was much higher than the maturing rate, so he wonders what their cost of capital will be.

Financial Services
BUY
goeasy

Likes business. Seeing $150 price target. Good loan growth. Record levels of new customers. Current share price very cheap at 9x earnings. Regulatory uncertainty a concern, but not too much. Would recommend investing. 

Financial Services
BUY
goeasy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We are still positive on the company. GSY has adapted well to new regulations, and as one of the largest in the sector its smaller competitors are having a harder adjustment to interest rate caps. Growth may slow in a higher interest rate, recessionary environment, but we think the very low valuation already reflects a lot of this risk. We think it will be higher in a couple of years, perhaps significantly if rates fall and/or there is no recession.
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Financial Services
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
goeasy
(A Top Pick Aug 29/23, Down 9.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with GSY has triggered its stop at $116.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 5%, when combined with the previous buy indications.  

Financial Services
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
goeasy

In early August, Goeasy reported a convincing beat for Q2: loan originations rose 6%, their loan portfolio was up 35%, revenues jumped 20%, and adjusted EPS climbed 16%, all year-over-year. Also, the company posted record revenues of $265 million and record customer applications for credit, up 25%. This year marks Goeasy's ninth-straight year of raising its dividend (currently 3.01%), and 19 consecutive years of paying one.

Financial Services
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
goeasy
Stockchase Research Editor: Michael O'Reilly

With annual dividend growth of 26% and EPS growth of 29%, GSY is reiterated as a TOP PICK.  It trades at 12x earnings, 2.2x book and supports a ROE of 21%.  It has been prudently using some cash reserves to aggressively retire debt.  It pays a good dividend, backed by a payout ratio under 35% of cash flow.  We recommend trailing up the stop (from $99) to $116, looking to achieve $173 -- upside over 30%.  

(Analysts’ price target is $173.50)
Financial Services
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
goeasy
(A Top Pick Jul 04/23, Up 21.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with GSY is progressing well.  We now recommend trailing up the stop (from $90) to $99.

Financial Services
WATCH
goeasy

A great chart. It has been basing for a year and is trying to break out. It could break out strong, but would like to see a more positive move before jumping in.

Financial Services
BUY ON WEAKNESS
goeasy

Does not own shares at the moment.
Management has executed very well.
Discovery of short term loan business model very profitable. 
Tremendous growth in short term unsecured money business.
Loan losses have been stable.

Financial Services
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
goeasy
Stockchase Research Editor: Michael O'Reilly

We reiterate GSY, a non-prime lending and lease company in Canada, as a TOP PICK.  Quarterly cash reserves increased, while debt was retired.  It trades at 11x earnings, 2x book and supports a 20% ROE.  Its dividend is backed by a payout ratio under 40% of cash flow.  We continue to recommend a stop-loss at $90, looking to achieve $162 -- upside potential of 44%.  Yield 3.3%

(Analysts’ price target is $162.10)
Financial Services
Showing 1 to 15 of 165 entries

goeasy(GSY-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 16

Stockchase rating for goeasy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 16 stock analysts published opinions about GSY-T. 11 analysts recommended to BUY the stock. 3 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?

16 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 2024-02-28, goeasy (GSY-T) stock closed at a price of $169.22.