Propel (TSE:PRL) Stock Gets Price Target Increase from Stifel Nicolaus

Propel (TSE:PRL) had its price objective raised by analysts at Stifel Nicolaus from C$38.00 to C$40.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and upped their price target for the stock from C$31.00 to C$38.00 in a research note on Thursday, August 6th. Scotia raised their price objective on Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets boosted their target price on shares of Propel from C$29.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 7th. TD Securities raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Ventum increased their price target on shares of Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Propel Trading Down 4.4%

Shares of PRL stock traded down $1.33 during midday trading on Thursday, reaching $29.20. 257,994 shares of the stock were exchanged, compared to its average volume of 223,420. Propel has a 1 year low of $17.24 and a 1 year high of $31.06. The company’s 50 day moving average is $25.08 and its two-hundred day moving average is $23.40. The firm has a market cap of $1.15 billion, a PE ratio of 21.31 and a beta of 0.79.

Propel (TSE:PRL) last announced its earnings results on Tuesday, November 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $201.47 million during the quarter, compared to the consensus estimate of $279.95 million. Propel had a return on equity of 21.79% and a net margin of 8.68%. As a group, equities analysts expect that Propel will post 5.39 EPS for the current fiscal year.

Insider Activity at Propel

In related news, insider Cindy Usprech sold 9,196 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $25.86, for a total value of $237,808.56. 33.31% of the stock is currently owned by corporate insiders.

About Propel

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).