Propel Holdings Inc. (TSE:PRL) Given Consensus Rating of “Moderate Buy” by Analysts

Propel Holdings Inc. (TSE:PRL) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

Several analysts have recently weighed in on the stock. Scotiabank downgraded shares of Propel from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from C$35.00 to C$27.00 in a research note on Tuesday, April 28th. Stifel Nicolaus decreased their price target on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Raymond James Financial decreased their price target on shares of Propel from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Ventum Financial decreased their price target 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, March 4th. Finally, ATB Cormark Capital Markets decreased their price target on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th.

Propel Stock Performance

Propel stock opened at $20.93 on Monday. The company has a 50 day moving average price of $20.41 and a 200-day moving average price of $22.45. Propel has a fifty-two week low of $17.24 and a fifty-two week high of $39.15. The company has a market capitalization of $823.85 million, a PE ratio of 15.62 and a beta of 0.56.

Propel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $0.24 per share. This is a boost from Propel’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, May 15th. Propel’s payout ratio is presently 43.86%.

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).