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

Propel Holdings Inc. (TSE:PRL) has received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company.

Several analysts have weighed in on the company. Raymond James Financial dropped their price objective on Propel from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. ATB Cormark Capital Markets dropped their price objective on Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Ventum Financial dropped 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 report on Wednesday, March 4th. Canaccord Genuity Group dropped their target price on shares of Propel from C$37.00 to C$27.00 in a research report on Wednesday, March 4th. Finally, Scotiabank cut shares of Propel from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from C$35.00 to C$27.00 in a research report on Tuesday, April 28th.

Propel Trading Up 3.5%

Shares of TSE:PRL opened at $24.80 on Friday. The stock has a market capitalization of $976.18 million, a P/E ratio of 18.51 and a beta of 0.83. Propel has a 1-year low of $17.24 and a 1-year high of $39.15. The business has a 50-day moving average price of $22.03 and a two-hundred day moving average price of $22.46.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were paid a $0.24 dividend. This is a boost from Propel’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.9%. Propel’s dividend payout ratio (DPR) is currently 43.86%.

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).