Propel Holdings Inc. (TSE:PRL) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Shares of Propel have an average analyst recommendation of Buy from five brokers, although several firms cut their price targets on March 4 while maintaining buy/outperform ratings.
• Propel raised its quarterly dividend to $0.225 per share (annualized $0.90), representing roughly a 5.1% yield with a payout ratio near 38%.
• Propel is a financial‑technology lender operating the MoneyKey and CreditFresh brands, focused on credit inclusion and providing lending and bank‑servicing solutions to underserved consumers.

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) have earned an average recommendation of "Buy" from the five analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating.

A number of brokerages recently weighed in on PRL. Canaccord Genuity Group lowered their price objective on shares of Propel from C$37.00 to C$27.00 in a research report on Wednesday, March 4th. Ventum Financial cut their target price on Propel from C$4.00 to C$3.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. Stifel Nicolaus decreased their price objective on Propel from C$38.00 to C$32.00 and set a "buy" rating for the company in a report on Wednesday, March 4th. Raymond James Financial reduced their price target on shares of Propel from C$45.00 to C$32.00 and set an "outperform" rating for the company in a research note on Wednesday, March 4th. Finally, ATB Cormark Capital Markets dropped their price target on shares of Propel from C$38.00 to C$27.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 4th.

Propel Stock Performance

Shares of TSE:PRL opened at $17.70 on Friday. The stock has a market capitalization of $696.73 million, a price-to-earnings ratio of 12.55 and a beta of 0.35. Propel has a 1-year low of $17.24 and a 1-year high of $39.15. The company's fifty day moving average is $21.90 and its two-hundred day moving average is $24.41.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.225 per share. This is a boost from Propel's previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, February 20th. Propel's payout ratio is currently 38.09%.

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).

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