Propel (TSE:PRL) Stock Price Expected to Rise, Ventum Capital Analyst Says

Propel (TSE:PRL) had its price objective lifted by stock analysts at Ventum Capital from C$34.00 to C$38.00 in a report released on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock.

A number of other research analysts also recently commented on the company. Ventum upped their price objective on Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. TD Securities upgraded Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Stifel Nicolaus raised their target price on Propel from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday. Scotia boosted their price target on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Propel Price Performance

Shares of TSE:PRL traded up $0.34 during midday trading on Thursday, reaching $29.50. The company had a trading volume of 309,792 shares, compared to its average volume of 224,605. The stock has a market capitalization of $1.16 billion, a P/E ratio of 20.49 and a beta of 0.79. The stock’s fifty day moving average price is $25.26 and its 200-day moving average price is $23.46. Propel has a one year low of $17.24 and a one year high of $31.06.

Propel (TSE:PRL) last released its earnings results on Tuesday, November 3rd. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.12). Propel had a return on equity of 21.79% and a net margin of 8.68%. The firm had revenue of $201.47 million for the quarter, compared to the consensus estimate of $279.95 million. As a group, sell-side analysts forecast that Propel will post 5.39 earnings per share for the current year.

Insider Transactions at Propel

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 stock was sold at an average price of $25.86, for a total value of $237,808.56. 33.31% of the stock is owned by company insiders.

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).