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

Propel Holdings Inc. (TSE:PRL) has been given a consensus recommendation of “Buy” by the five research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating.

Several research analysts have recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. ATB Cormark Capital Markets decreased 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 note on Wednesday, March 4th. Canaccord Genuity Group decreased their price objective on shares of Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th. Ventum Financial decreased their price objective on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, Raymond James Financial decreased their price objective on shares of Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th.

Propel Trading Up 1.1%

Shares of PRL opened at $22.28 on Thursday. Propel has a 12 month low of $17.24 and a 12 month high of $39.15. The firm’s 50 day moving average is $20.33 and its 200-day moving average is $22.97. The stock has a market capitalization of $877.01 million, a PE ratio of 15.80 and a beta of 0.57.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Propel’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, February 20th. Propel’s payout ratio is 38.09%.

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).