Raymond James Financial Has Lowered Expectations for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL - Free Report) had its target price lowered by Raymond James Financial from C$46.00 to C$42.00 in a research note published on Wednesday morning,BayStreet.CA reports. Raymond James Financial also issued estimates for Propel's Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $2.90 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $1.03 EPS, Q4 2026 earnings at $0.99 EPS and FY2026 earnings at $4.01 EPS.

A number of other equities research analysts have also recently commented on PRL. Cormark upgraded Propel to a "moderate buy" rating in a research report on Thursday, July 10th. Scotiabank dropped their target price on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Strong Buy" and an average price target of $40.75.

Propel Trading Down 2.3%

PRL traded down $0.85 during midday trading on Wednesday, hitting $35.79. 92,680 shares of the company were exchanged, compared to its average volume of 179,476. The company's 50 day simple moving average is $34.77 and its 200 day simple moving average is $31.74. The firm has a market capitalization of $996.43 million, a price-to-earnings ratio of 22.14 and a beta of 1.75. Propel has a 1-year low of $20.99 and a 1-year high of $43.36.

Propel Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 15th. Propel's dividend payout ratio is presently 34.64%.

Insiders Place Their Bets

In other Propel news, Senior Officer Bradley Sherk sold 6,100 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $31.85, for a total value of $194,285.00. Also, Senior Officer Sarika Ahluwalia sold 16,417 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $37.53, for a total transaction of $616,192.39. Over the last three months, insiders sold 115,493 shares of company stock worth $4,085,590. 33.31% of the stock is currently owned by 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.