Propel Holdings Inc. (TSE:PRL) Stock Now Rated “Buy” by Wall Street Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company.

PRL has been the subject of several research analyst reports. 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 research report on Friday, August 7th. Ventum Capital lifted their price objective on shares of Propel from C$34.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday. TD Securities raised shares of Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Raymond James Financial raised shares of Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the company from C$31.00 to C$38.00 in a research note on Thursday, August 6th. Finally, Scotia increased their target price 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.

Propel Stock Performance

PRL stock opened at $29.50 on Monday. Propel has a one year low of $17.24 and a one year high of $31.06. The firm has a market capitalization of $1.16 billion, a PE ratio of 20.49 and a beta of 0.79. The firm has a 50-day moving average of $25.26 and a two-hundred day moving average of $23.46.

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

Propel Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, December 3rd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 26th. This represents a $1.08 annualized dividend and a yield of 3.7%. This is an increase from Propel’s previous quarterly dividend of $0.2550. Propel’s dividend payout ratio (DPR) is currently 46.68%.

Insider Transactions at Propel

In related news, insider Cindy Usprech sold 9,196 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $25.86, for a total transaction of $237,808.56. Corporate insiders own 33.31% of the company’s stock.

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).