TD Analysts Give Propel (TSE:PRL) a C$37.00 Price Target

TD set a C$37.00 price target on Propel (TSE:PRL) in a research note released on Wednesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

PRL has been the topic of several other reports. Scotia increased 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 research note on Friday, August 7th. TD Securities raised shares of Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Raymond James Financial upgraded shares of Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their price objective for the stock from C$31.00 to C$38.00 in a research report on Thursday, August 6th. ATB Cormark Capital Markets boosted their price objective on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Ventum upped their target price on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Propel has a consensus rating of “Buy”.

Propel Stock Performance

PRL opened at $24.30 on Wednesday. Propel has a one year low of $17.24 and a one year high of $29.68. The company has a market cap of $956.50 million, a P/E ratio of 17.74 and a beta of 0.88. The business’s 50-day simple moving average is $25.08 and its 200-day simple moving average is $23.74.

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

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Propel’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, August 14th. Propel’s payout ratio is presently 46.03%.

Insider Activity at Propel

In other news, insider Cindy Usprech sold 9,196 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $25.86, for a total value of $237,808.56. Company insiders own 33.31% of the company’s stock.

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).