Propel (TSE:PRL) Stock Price Expected to Rise, Ventum Capital Analyst Says

Propel (TSE:PRL) had its price target boosted by analysts at Ventum Capital from C$34.00 to C$38.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus upped their price target on Propel from C$38.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday. Scotia lifted their price objective on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. TD set a C$37.00 price objective on shares of Propel and gave the company a “buy” rating in a research note on Wednesday, October 14th. Ventum boosted their price objective on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, TD Securities upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Two 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 a consensus rating of “Buy”.

Propel Stock Down 4.4%

PRL stock traded down $1.33 during trading on Thursday, hitting $29.20. The company had a trading volume of 257,994 shares, compared to its average volume of 223,420. The firm has a market cap of $1.15 billion, a PE ratio of 21.31 and a beta of 0.79. Propel has a 1-year low of $17.24 and a 1-year high of $31.06. The firm has a 50-day moving average price of $25.08 and a 200-day moving average price of $23.40.

Propel (TSE:PRL) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). Propel had a return on equity of 21.79% and a net margin of 8.68%. The company had revenue of $201.47 million for the quarter, compared to analyst estimates of $279.95 million. Sell-side analysts anticipate that Propel will post 5.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Cindy Usprech sold 9,196 shares of the stock in a transaction dated 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 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).