Propel Holdings Inc. (TSE:PRL) Receives Average Rating of “Buy” from Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities analysts have recently issued reports on the stock. TD Securities raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Ventum boosted their target price on 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 upped their price target on Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and increased their price target for the stock from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, ATB Cormark Capital Markets raised their price objective on Propel from C$29.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Propel Trading Down 2.5%

TSE:PRL opened at $24.87 on Wednesday. Propel has a 12 month low of $17.24 and a 12 month high of $35.28. The stock has a market capitalization of $979.21 million, a price-to-earnings ratio of 18.15 and a beta of 0.79. The firm has a fifty day simple moving average of $25.39 and a two-hundred day simple moving average of $22.71.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be issued a $0.255 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Propel’s previous quarterly dividend of $0.24. Propel’s dividend payout ratio (DPR) is 46.03%.

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).