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

Shares of Propel Holdings Inc. (TSE:PRL) have been given an average recommendation of “Buy” by the five research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating.

Several research analysts have weighed in on the company. 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 note on Wednesday. ATB Cormark Capital Markets reduced their price objective on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James Financial lowered their target price on shares of Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday. 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. 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 Stock Down 5.1%

TSE PRL opened at $20.07 on Wednesday. Propel has a twelve month low of $17.50 and a twelve month high of $39.15. The business has a 50-day moving average price of $23.56 and a 200-day moving average price of $25.89. The firm has a market cap of $789.83 million, a price-to-earnings ratio of 12.87 and a beta of 0.35.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.225 per share. The ex-dividend date was Friday, February 20th. This is a positive change from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.5%. Propel’s dividend payout ratio (DPR) 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).