Propel (TSE:PRL) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Shares of Propel Holdings Inc. (TSE:PRL) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $24.86 and traded as high as $25.07. Propel shares last traded at $25.07, with a volume of 185,667 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Ventum upped their price target on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research report on Friday, August 7th. TD set a C$37.00 target price on shares of Propel and gave the company a “buy” rating in a research report on Wednesday, October 14th. Raymond James Financial upgraded shares of Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their target price for the company from C$31.00 to C$38.00 in a research report on Thursday, August 6th. Stifel Nicolaus set a C$38.00 target price on shares of Propel and gave the stock a “buy” rating in a research note on Monday, August 31st. Finally, TD Securities upgraded shares of Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Propel Price Performance

The company has a market cap of $1.01 billion, a P/E ratio of 18.71 and a beta of 0.88. The stock has a fifty day moving average price of $24.85 and a two-hundred day moving average price of $23.31.

Propel (TSE:PRL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.08). The firm had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $251.89 million. Propel had a net margin of 8.81% and a return on equity of 21.12%. Equities analysts predict that Propel Holdings Inc. will post 5.39 earnings per share for the current fiscal year.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were given a $0.2550 dividend. This is an increase from Propel’s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 14th. Propel’s dividend payout ratio (DPR) is 46.03%.

Insider Activity

In other Propel news, insider Cindy Usprech sold 9,196 shares of the business’s stock in a transaction 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 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. 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).