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

Key Points

• Analysts are broadly positive: Nine brokerages give Propel Holdings an average “Buy” rating, including five buys and two strong buys. Recent price targets range from C$29 to C$38.
• Propel shares opened at C$23.52, with a market capitalization of about C$926 million; the stock has traded between C$17.24 and C$29.68 over the past year. Its latest quarterly results missed expectations, with EPS of C$0.58 versus the C$0.66 consensus and revenue of C$179.6 million versus C$251.89 million expected.
• The quarterly dividend increased to C$0.255 per share, equivalent to a C$1.02 annualized payout and a 4.3% yield. An insider subsequently sold 9,196 shares, while insiders collectively own 33.31% of the company.

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) have received an average rating of "Buy" from the nine brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company.

A number of research analysts have recently commented on the stock. TD set a C$37.00 price target on shares of Propel and gave the stock a "buy" rating in a report on Wednesday. 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 report on Friday, August 7th. Stifel Nicolaus set a C$38.00 price objective on shares of Propel and gave the company a "buy" rating in a research report on Monday, August 31st. TD Securities raised Propel to a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, ATB Cormark Capital Markets upped their target price on Propel from C$29.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, August 7th.

Propel Stock Down 2.3%

Shares of Propel stock opened at $23.52 on Thursday. The stock's fifty day moving average is $25.26 and its two-hundred day moving average is $23.69. Propel has a 52 week low of $17.24 and a 52 week high of $29.68. The company has a market capitalization of $926.05 million, a PE ratio of 17.17 and a beta of 0.88.

Propel (TSE:PRL - Get Free Report) last released 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 the consensus estimate of $251.89 million. Propel had a return on equity of 21.12% and a net margin of 8.81%. As a group, research analysts anticipate that Propel will post 5.39 earnings per share for the current year.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were given a $0.2550 dividend. This represents a $1.02 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Propel's previous quarterly dividend of $0.24. Propel's payout ratio is currently 46.03%.

Insider Buying and Selling at Propel

In other news, insider Cindy Usprech sold 9,196 shares of the 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. Corporate 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.