goeasy Receives Substantial Price Target Increase and Positive Earnings Estimates, Displaying Potential for Growth

August 14, 2023 – In an exciting turn of events, goeasy (TSE:GSY) has received a substantial increase in its price target from equity research analysts at Raymond James. The target price has been raised from C$136.00 to C$151.00, indicating a potential upside of 12.02% from the company’s current price.

Raymond James has also provided earnings estimates for goeasy for the third quarter of 2023, projecting $3.30 EPS, as well as for the second quarter of 2024 ($4.12 EPS) and fiscal year 2024 ($16.76 EPS). These optimistic predictions highlight the confidence placed in goeasy’s performance.

On Friday, GSY traded up C$1.15 and reached C$134.80, with a trading volume of 28,375 shares – although lower than its average volume of 51,950 shares. These figures demonstrate a positive market response to the news of goeasy’s increased price target.

Analyzing goeasy’s recent performance reveals some interesting trends. The company has a 50-day simple moving average (SMA) of C$116.52 and a 200-day SMA of C$112.20, suggesting a consistent upward trend in its stock value over these periods.

With a market capitalization of C$2.23 billion and a relatively low P/E ratio of 13.55, goeasy appears to be an attractive investment opportunity for discerning investors seeking long-term growth potential with reasonable valuation metrics.

Additionally, the company boasts an impressive P/E/G ratio of 0.84, indicating that it may be undervalued compared to its projected earnings growth rate – yet another reason why analysts are optimistic about its future prospects.

In terms of risk assessment, goeasy carries a beta value of 1.97, indicating that its stock is likely to be more volatile than the overall market. Investors who are comfortable with taking on higher levels of risk may find this aspect of goeasy’s profile appealing.

However, it is worth noting that goeasy has a debt-to-equity ratio of 271.76. This suggests that the company has significant financial leverage, which could increase its vulnerability to economic downturns or fluctuations in interest rates. Nonetheless, goeasy also maintains a healthy current ratio of 34.61 and a quick ratio of 28.46, indicating its ability to meet short-term obligations.

Looking at goeasy’s 52-week trading range, we see a low of C$87.00 and a high of C$144.19. This highlights the stock’s inherent volatility and demonstrates that it has experienced substantial price appreciation within the past year.

In conclusion, with Raymond James’ revised price target indicating an attractive upside potential and positive earnings estimates for upcoming quarters and fiscal year, goeasy presents itself as an intriguing investment opportunity in the financial market.

While there are certain risk factors associated with goeasy’s high debt-to-equity ratio and increased volatility due to its beta value, its positive performance indicators such as moving averages, P/E/G ratio, and strong liquidity position inspire confidence among investors.

Nevertheless, prudent investors should conduct thorough research regarding goeasy’s business model, market conditions, and macroeconomic factors before making any investment decisions. Awareness of potential risks is key to making informed choices in today’s intricate financial landscape.

As always, readers are encouraged to stay informed by following reputable sources for the latest updates on goeasy’s progress in order to make well-informed decisions based on their individual investment goals and risk tolerance levels.

goeasy Ltd.: Revolutionizing Canada’s Non-Prime Leasing and Lending Services

goeasy Ltd.: A Comprehensive Analysis of Canada’s Growing Non-Prime Leasing and Lending Services Provider

As the Canadian economy continues to recover and adapt to changing financial landscapes, goeasy Ltd. has emerged as a prominent player in the non-prime leasing and lending industry. With its three well-established brands, easyhome, easyfinancial, and LendCare, goeasy is transforming access to credit for consumers across the country.

Background:

goeasy Ltd. specializes in providing non-prime leasing and lending services to consumers in Canada. The company operates through two primary segments – Easyfinancial and Easyhome. Through these segments, goeasy offers a wide range of financial products including unsecured installment loans, real estate secured installment loans, automotive vehicle financing, and various retail goods financing options.

Impressive Market Performance:

In recent months, goeasy has been gaining attention from analysts and investors alike due to its robust performance in the market. Several reports have highlighted goeasy’s success story as it continues to expand its market presence.

Price Target Projections:

CIBC recently raised their price target for goeasy shares from C$150.00 to C$170.00 while TD Securities elevated theirs from C$160.00 to C$165.00 with a “buy” rating attached on August 1st of this year (source: Bloomberg.com). Furthermore, National Bankshares also expressed optimism about the potential growth prospects of goeasy while adjusting their target price from C$180.00 to C$170.00 in May 2023.

Analyst Consensus Rating:

With five analysts giving a buy rating on goeasy stock according to data compiled by Bloomberg.com, there is a strong consensus that the company is poised for success in the near future (source: Bloomberg.com). This positive sentiment is further supported by the consensus target price of C$156.14.

Diverse Product Portfolio:

goeasy’s success can be attributed to its diverse product offerings, catering to a wide range of consumer needs. The company provides unsecured loans, home equity secured installment loans, and automotive vehicle financing. Moreover, goeasy offers loans designed specifically for retail goods purchases, powersports and recreational vehicles, home improvement projects, and healthcare-related products and services.

Consumer-Centric Approach:

goeasy’s focus on serving the non-prime market segment sets it apart from traditional lending institutions. By providing accessible credit options to individuals who may have difficulty obtaining loans from banks or other mainstream lenders, goeasy addresses a significant gap in the financial sector.

Future Prospects:

Looking ahead, goeasy’s growth trajectory seems promising. The dynamic leadership team at goeasy continues to develop innovative products and services that cater to evolving consumer demands while maintaining stringent risk management practices.

Conclusion:

As the Canadian economy recovers and adapts to changing financial landscapes, goeasy Ltd. has positioned itself as a leading player in the non-prime lending industry. With its array of financial products tailored to the specific needs of consumers, impressive market performance, positive analyst consensus rating, and diversified portfolio, goeasy is poised for continued success in Canada’s financial sector.

Reference Date: August 14th, 2023