Are GreenSky (GSKY) Shares Reaching An Inflection Point; Morgan Stanley Decides to Downgrades Company

November 8, 2018 - By Kristen Paramore

GreenSky (GSKY) Receives a Downgrade

In a report issued to clients on Thursday morning, Morgan Stanleydecided to downgrade shares of GreenSky (GSKY) from their Overweight rating to a Equal-Weight. The brokerage firm currently has a $10 price target on the stock.

GreenSky, Inc. (NASDAQ:GSKY) Ratings Coverage

Among 13 analysts covering GreenSky (GSKY), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. GreenSky has $35 highest and $11 lowest target. $25.15’s average target is 167.27% above currents $9.41 stock price. GreenSky had 19 analyst reports since June 14, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, November 7 by Goldman Sachs. Compass Point downgraded the shares of GSKY in report on Wednesday, November 7 to “Neutral” rating. Raymond James maintained the shares of GSKY in report on Monday, November 5 with “Outperform” rating. J.P. Morgan initiated GreenSky, Inc. (NASDAQ:GSKY) on Monday, June 18 with “Buy” rating. The rating was downgraded by BTIG Research on Tuesday, November 6 to “Neutral”. The firm has “Buy” rating by Compass Point given on Thursday, August 16. The stock of GreenSky, Inc. (NASDAQ:GSKY) earned “Outperform” rating by Credit Suisse on Wednesday, August 8. As per Wednesday, August 8, the company rating was maintained by Citigroup.

The stock increased 2.73% or $0.25 during the last trading session, reaching $9.41. About 5.13 million shares traded or 145.66% up from the average. GreenSky, Inc. (GSKY) has 0.00% since November 9, 2017 and is . It has underperformed by 15.62% the S&P500.

GreenSky, Inc., a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. The company has market cap of $1.76 billion. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions. It has a 11.27 P/E ratio.

More notable recent GreenSky, Inc. (NASDAQ:GSKY) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” on November 08, 2018, also Benzinga.com with their article: “10 Biggest Price Target Changes For Wednesday” published on November 07, 2018, Businesswire.com published: “INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of GreenSky, Inc. Investors …” on November 08, 2018. More interesting news about GreenSky, Inc. (NASDAQ:GSKY) were released by: Businesswire.com and their article: “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against GreenSky, Inc. – GSKY” published on November 08, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: Crude Oil Down 2%; ConvergeOne Shares Spike Higher” with publication date: November 06, 2018.

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