Propel Holdings Inc. (PRL.TO) – What Are Analysts Thinking About This Stock?

Shares of Propel Holdings Inc. (TSE:PRL) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities research analysts have commented on PRL shares. Scotia upped their price target on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the company a “buy” rating in a report on Monday, August 31st. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and upped their target price for the stock from C$31.00 to C$38.00 in a research note on Thursday, August 6th. TD set a C$37.00 target price on Propel and gave the stock a “buy” rating in a report on Wednesday. Finally, Ventum raised their target price on Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Insider Buying and Selling

In other news, insider Cindy Usprech sold 9,196 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $25.86, for a total transaction of $237,808.56. Corporate insiders own 33.31% of the company’s stock.

Propel Price Performance

PRL stock opened at $23.52 on Thursday. The company has a market capitalization of $926.05 million, a P/E ratio of 17.17 and a beta of 0.88. Propel has a 12 month low of $17.24 and a 12 month high of $29.68. The firm’s fifty day simple moving average is $25.26 and its 200-day simple moving average is $23.69.

Propel (TSE:PRL) last issued its earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.08). Propel had a return on equity of 21.12% and a net margin of 8.81%. The business had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $251.89 million. As a group, sell-side analysts forecast that Propel will post 5.39 earnings per share for the current year.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a $0.2550 dividend. The ex-dividend date of this dividend was Friday, August 14th. This is a boost from Propel’s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 4.3%. Propel’s dividend payout ratio is presently 46.03%.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).