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

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

A number of other analysts have also recently commented on PRL. TD Securities upgraded Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. ATB Cormark Capital Markets upped their target price on Propel from C$29.00 to C$38.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. TD set a C$37.00 price target on Propel and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Scotia lifted their price target on Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Finally, Ventum boosted their price objective on Propel from C$30.00 to C$34.00 and gave the company 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 given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Propel Trading Up 1.2%

Shares of TSE PRL traded up $0.34 during mid-day trading on Thursday, reaching $29.50. The company had a trading volume of 309,792 shares, compared to its average volume of 224,605. The firm has a 50 day simple moving average of $25.26 and a two-hundred day simple moving average of $23.46. The stock has a market cap of $1.16 billion, a P/E ratio of 20.49 and a beta of 0.79. Propel has a 52-week low of $17.24 and a 52-week high of $31.06.

Propel (TSE:PRL) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.12). Propel had a net margin of 8.68% and a return on equity of 21.79%. The company had revenue of $201.47 million during the quarter, compared to analysts’ expectations of $279.95 million. On average, equities analysts expect that Propel will post 5.39 EPS for the current year.

Insider Buying and Selling at Propel

In other Propel news, insider Cindy Usprech sold 9,196 shares of the business’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 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).