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

Propel Holdings Inc. (TSE:PRL) has been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company.

Several brokerages recently issued reports on PRL. ATB Cormark Capital Markets raised their target price on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Ventum upped their price target 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. Scotia boosted their price target on Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, TD set a C$37.00 price objective on Propel and gave the stock a “buy” rating in a research report on Wednesday, October 14th.

Insider Activity

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

Propel Stock Up 4.0%

Shares of TSE:PRL opened at $27.79 on Monday. Propel has a 52-week low of $17.24 and a 52-week high of $31.06. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 19.30 and a beta of 0.79. The business has a 50-day moving average price of $25.47 and a 200-day moving average price of $23.54.

Propel (TSE:PRL) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.12). The business had revenue of $201.47 million for the quarter, compared to analyst estimates of $279.95 million. Propel had a net margin of 8.68% and a return on equity of 21.75%. As a group, equities analysts anticipate that Propel will post 5.39 EPS for the current fiscal year.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, November 26th. This is an increase from Propel’s previous quarterly dividend of $0.2550. Propel’s dividend payout ratio is currently 46.68%.

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).