Propel Holdings Inc. (TSE:PRL) Receives Average Recommendation of “Buy” from Analysts

Propel Holdings Inc. (TSE:PRL) has been assigned an average rating of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation.

Several research analysts recently issued reports on PRL shares. Canaccord Genuity Group cut their price objective on Propel from C$37.00 to C$27.00 in a research report on Wednesday. Stifel Nicolaus dropped their price target on Propel from C$38.00 to C$32.00 and set a “buy” rating for the company in a research report on Wednesday. Scotiabank cut their price target on Propel from C$40.00 to C$38.00 in a report on Wednesday, November 5th. Raymond James Financial decreased their price objective on Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Ventum Financial cut their target price on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research note on Wednesday.

Propel News Roundup

Here are the key news stories impacting Propel this week:

• Negative Sentiment: Canaccord Genuity reduced its price target from C$37.00 to C$27.00, a sizable downshift in implied upside that likely weighs on valuation expectations. Read More.
• Negative Sentiment: ATB Cormark cut its target from C$38.00 to C$27.00 while keeping an “outperform” rating, signaling lower near-term targets despite continued conviction. Read More.
• Negative Sentiment: Raymond James trimmed its target from C$45.00 to C$32.00 and kept an “outperform” rating — another downgrade to the stock’s consensus upside expectations. Read More.
• Negative Sentiment: Stifel Nicolaus lowered its target from C$38.00 to C$32.00 but maintained a “buy” rating, reflecting reduced price assumptions while still endorsing the company’s fundamentals. Read More. Read More.
• Negative Sentiment: Ventum Financial cut its target from C$4.00 to C$3.00 but kept a “buy” stance; the unusually low numeric target (in C$) versus peers suggests differing analyst assumptions or a model reset. Read More.

Propel Price Performance

PRL traded up $1.87 during trading on Wednesday, reaching $20.75. 543,280 shares of the stock were exchanged, compared to its average volume of 294,841. The company has a market capitalization of $816.60 million, a price-to-earnings ratio of 13.30 and a beta of 0.62. Propel has a 1 year low of $17.50 and a 1 year high of $39.15. The business’s 50 day moving average price is $23.85 and its two-hundred day moving average price is $26.05.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th will be issued a $0.225 dividend. The ex-dividend date is Friday, February 20th. This is an increase from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. Propel’s payout ratio is 31.67%.

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).