Raymond James Increases Propel (TSE:PRL) Price Target to C$40.00

Propel (TSE:PRL) had its target price raised by Raymond James from C$34.00 to C$40.00 in a report published on Thursday morning,BayStreet.CA reports. Raymond James also issued estimates for Propel’s Q4 2024 earnings at $0.78 EPS, Q2 2025 earnings at $0.64 EPS and Q3 2025 earnings at $0.81 EPS.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group upgraded Propel to a “strong-buy” rating in a report on Friday, October 4th. Ventum Financial set a C$38.00 price target on Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Scotiabank upgraded shares of Propel from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$28.00 to C$34.00 in a report on Friday, October 4th.

Propel Stock Up 0.5 %

Shares of TSE:PRL traded up $0.21 on Thursday, hitting $39.87. 134,424 shares of the company traded hands, compared to its average volume of 90,195. Propel has a 52 week low of $8.19 and a 52 week high of $40.08. The stock has a 50 day simple moving average of $31.32 and a 200-day simple moving average of $24.90. The company has a market cap of $1.37 billion, a PE ratio of 27.73 and a beta of 1.75.

Propel (TSE:PRL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. Propel had a return on equity of 36.84% and a net margin of 10.17%. The company had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million. As a group, sell-side analysts anticipate that Propel will post 5.3923205 earnings per share for the current year.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.50%. This is a boost from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 15th. Propel’s payout ratio is 39.16%.

Propel Company Profile

Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.