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

Shares of Propel Holdings Inc. (TSE:PRL) have been given an average recommendation of “Buy” by the nine research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company.

A number of research analysts have recently weighed in on PRL shares. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and raised their target price for the company from C$31.00 to C$38.00 in a report on Thursday, August 6th. Ventum upped their price target on Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a report on Friday, August 7th. ATB Cormark Capital Markets upped their price target on Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD Securities upgraded Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, TD set a C$37.00 price target on Propel and gave the company a “buy” rating in a research report on Wednesday, October 14th.

Insider Transactions at Propel

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

Propel Stock Performance

PRL stock opened at $23.83 on Thursday. The stock’s 50 day simple moving average is $25.03 and its 200 day simple moving average is $23.81. The company has a market cap of $938.00 million, a P/E ratio of 17.39 and a beta of 0.88. Propel has a fifty-two week low of $17.24 and a fifty-two week high of $29.68.

Propel (TSE:PRL) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.08). The company had revenue of $179.60 million for the quarter, compared to analyst estimates of $251.89 million. Propel had a net margin of 8.81% and a return on equity of 21.12%. Equities analysts predict that Propel will post 5.39 earnings per share for the current year.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were issued a dividend of $0.2550 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.02 dividend on an annualized basis and a yield of 4.3%. This is a positive change from Propel’s previous quarterly dividend of $0.24. Propel’s 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).