BMO Capital Reiterates Their Buy Rating on goeasy Ltd.

By Jason Carr

Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. goeasy Ltd. (TSX: GSY) received a Buy rating from BMO Capital’s analyst Stephen Macleod, with a C$40 price target.

Macleod has an average return of 39.3% when recommending goeasy Ltd..

According to TipRanks.com, Macleod is ranked #130 out of 4579 analysts.

goeasy Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of C$40.

Based on goeasy Ltd.’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$94.71 million and quarterly net profit of C$10.27 million. In comparison, last year the company earned revenue of C$82.33 million and had a net profit of C$7.25 million.

goeasy Ltd. is one of leading full-service providers of goods and alternative financial services that improve the lives of everyday Canadians. Today, goeasy Ltd. serves its customers through two key operating divisions, easyhome and easyfinancial. easyhome is Canada’s largest lease-to-own company, offering brand-name household furniture, appliances and electronics to consumers under weekly or monthly leasing agreements through both corporate and franchise stores. easyfinancial is one of the leading providers of alternative financial services, offering consumer loans between $500-$15,000, and is supported by a strong central credit adjudication process and industry leading risk analytics. easyfinancial also operates an indirect lending channel, offering loan products to consumers at the point-of-sale of third party merchants. Both operating divisions of goeasy Ltd. offer the customer service and enable customers to transact through a national store and branch network of over 175 easyhome Leasing and 200 easyfinancial locations across Canada and through its online and mobile eCommerce enabled platforms. The company was founded by Gordon J. Reykdal on December 14, 1990 and is headquartered in Mississauga, Canada.

The company’s shares closed last Monday at $31.37.