Propel Holdings Inc. (TSE:PRL) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a bullish outlook: Propel has an average “Buy” recommendation from 10 brokerages—six Buy, two Strong Buy, and two Hold ratings. Several firms raised price targets, including Stifel Nicolaus to C$40 and Ventum Capital to C$38.
• Quarterly results missed expectations: Propel reported EPS of $0.59 versus the $0.71 consensus and revenue of $201.47 million versus estimates of $279.95 million.
• The quarterly dividend increased from $0.255 to $0.27 per share, equivalent to an annualized dividend of $1.08 and a 3.7% yield.

Propel Holdings Inc. (TSE:PRL - Get Free Report) has been given an average recommendation of "Buy" by the ten brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several analysts have recently weighed in on PRL shares. Ventum Capital upped their price objective on Propel from C$34.00 to C$38.00 and gave the company a "buy" rating in a report on Thursday. TD set a C$37.00 price target on shares of Propel and gave the stock a "buy" rating in a research report on Wednesday, October 14th. ATB Cormark Capital Markets upped their price target on shares of Propel from C$29.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Stifel Nicolaus upped their price target on shares of Propel from C$38.00 to C$40.00 and gave the company a "buy" rating in a report on Thursday. Finally, Ventum raised 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 report on Friday, August 7th.

Propel Price Performance

Shares of TSE:PRL opened at $29.50 on Monday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 20.49 and a beta of 0.79. Propel has a 12 month low of $17.24 and a 12 month high of $31.06. The stock's 50 day moving average price is $25.26 and its 200 day moving average price is $23.46.

Propel (TSE:PRL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.59 earnings per share (EPS) 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 firm had revenue of $201.47 million for the quarter, compared to the consensus estimate of $279.95 million. On average, sell-side analysts expect that Propel will post 5.39 EPS for the current year.

Propel Increases Dividend

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

Insiders Place Their Bets

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. 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).

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