19:53:44 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 14,293,484
Close 2019-02-15 C$ 44.51
Market Cap C$ 636,202,973
Recent Sedar Documents

Globe says Ho maintains bullish stance on goeasy

2019-02-19 07:50 ET - In the News

The Globe and Mail reports in its Saturday edition that Desjardins analyst Gary Ho says goeasy's ($44.51) solid fourth quarter results appear to have put the company back on track. The Globe's Tim Shufelt writes in the Eye On Equities column that Mr. Ho notes the company posted adjusted earnings of $1.02 per share, compared with a consensus forecast of 96 cents, while also raising its dividend. Mr. Ho says the earnings beat was driven by lower-than-expected credit losses and reduced operating expenses. Meanwhile, the company's Quebec credit losses improved as new credit underwriting models began to take effect. The analyst raised his share target to $57 from $53 while reiterating his "buy" recommendation. Mr. Ho says, "New product launches could provide upside while its credit facility amendments reduce the overall cost of debt." The Globe reported on Oct. 12, 2018, that Mr. Ho continued to rate goeasy "buy," while boosting his share target to $58 from $55. The shares were then worth $46.24. The Globe reported on Nov. l0, 2018, that Mr. Ho said goeasy's share price decline was "overdone." He reiterated his "buy" call, while cutting his share target to $53 from $58. The shares were then worth $40.16.

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