Propel Holdings Inc. (TSE:PRL) Given Consensus Recommendation of “Buy” by Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating.

PRL has been the topic of a number of research analyst reports. Ventum Financial lowered their target price on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered their price target on Propel from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James Financial dropped their price objective on Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday. Canaccord Genuity Group decreased their target price on Propel from C$37.00 to C$27.00 in a research note on Wednesday. Finally, ATB Cormark Capital Markets dropped their price target on Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Key Headlines Impacting Propel

Here are the key news stories impacting Propel this week:

• Negative Sentiment: Canaccord Genuity reduced its price target from C$37.00 to C$27.00, a sizable downshift in implied upside that likely weighs on valuation expectations. Read More.
• Negative Sentiment: ATB Cormark cut its target from C$38.00 to C$27.00 while keeping an “outperform” rating, signaling lower near-term targets despite continued conviction. Read More.
• Negative Sentiment: Raymond James trimmed its target from C$45.00 to C$32.00 and kept an “outperform” rating — another downgrade to the stock’s consensus upside expectations. Read More.
• Negative Sentiment: Stifel Nicolaus lowered its target from C$38.00 to C$32.00 but maintained a “buy” rating, reflecting reduced price assumptions while still endorsing the company’s fundamentals. Read More. Read More.
• Negative Sentiment: Ventum Financial cut its target from C$4.00 to C$3.00 but kept a “buy” stance; the unusually low numeric target (in C$) versus peers suggests differing analyst assumptions or a model reset. Read More.

Propel Price Performance

Propel stock traded up $1.87 during mid-day trading on Wednesday, hitting $20.75. The company’s stock had a trading volume of 543,280 shares, compared to its average volume of 294,841. Propel has a 52-week low of $17.50 and a 52-week high of $39.15. The company has a market cap of $816.60 million, a PE ratio of 13.30 and a beta of 0.62. The firm’s 50 day moving average is $23.85 and its 200 day moving average is $26.05.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th will be paid a $0.225 dividend. The ex-dividend date is Friday, February 20th. This is a boost from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 4.3%. Propel’s dividend payout ratio is 31.67%.

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).