Raymond James Financial Cuts Propel (TSE:PRL) Price Target to C$35.00

Propel (TSE:PRL) had its target price trimmed by Raymond James Financial from C$42.00 to C$35.00 in a report released on Wednesday morning,BayStreet.CA reports. Raymond James Financial also issued estimates for Propel’s Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $2.50 EPS, Q1 2026 earnings at $0.77 EPS, Q2 2026 earnings at $0.78 EPS, Q3 2026 earnings at $0.82 EPS, Q4 2026 earnings at $0.96 EPS and FY2026 earnings at $3.33 EPS.

Several other brokerages also recently issued reports on PRL. Scotiabank cut their price objective on shares of Propel from C$40.00 to C$38.00 in a research report on Wednesday. Cormark upgraded Propel to a “moderate buy” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Propel presently has a consensus rating of “Buy”.

Propel Stock Performance

TSE PRL opened at $21.28 on Wednesday. The stock has a market cap of $837.45 million, a PE ratio of 13.64 and a beta of 1.07. The firm has a 50-day moving average of $28.47 and a 200-day moving average of $31.90. Propel has a 52-week low of $20.99 and a 52-week high of $43.36.

Propel Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Propel’s dividend payout ratio (DPR) is currently 31.67%.

About Propel

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.