17:57:55 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 16,730,164
Close 2024-04-23 C$ 175.09
Market Cap C$ 2,929,284,415
Recent Sedar Documents

Globe says Desjardins's Ho keep goeasy at "buy"

2024-04-23 08:12 ET - In the News

The Globe and Mail reports in its Tuesday, April 23, edition that Desjardins Securities analyst Gary Ho continues to rate goeasy "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho raised his share target to $190 from $185. Analysts on average target the shares at $206.11. Mr. Ho says in a note: "We tweaked our estimates and expect loan book growth and revenue yield to be at the higher end of guidance, with NCO [net charge-offs] at the mid-point. We view the federal budget with no rate cap implementation date and no further step-down as a positive. Our EPS estimates are slightly down to factor in increased net charge-offs, reflecting recent unemployment and insolvencies data; we will continue to monitor these. Our investment thesis is predicated on: (1) goeasy's ability to manage in the current challenging macro environment through its robust credit underwriting platform, supported by its creditor insurance program; (2) rate cap has a manageable impact on future revenue yield and profitability; (3) solid loan book growth, particularly on secured products; (4) credible management team; and (5) the business has consistently generated a 20-per-cent-plus ROE."

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