Propel (TSE:PRL – Get Free Report) had its price target hoisted by investment analysts at Ventum Capital from C$34.00 to C$38.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock.
PRL has been the topic of several other research reports. Scotia raised their target price on Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. TD Securities raised Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Stifel Nicolaus increased their price target on shares of Propel from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday. Ventum raised their price objective on shares of Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Raymond James Financial upgraded shares of Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their price objective for the stock from C$31.00 to C$38.00 in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on Propel
Propel Trading Down 4.4%
TSE:PRL traded down $1.33 during trading hours on Thursday, hitting $29.20. The company’s stock had a trading volume of 257,994 shares, compared to its average volume of 223,420. Propel has a 52-week low of $17.24 and a 52-week high of $31.06. The stock has a market capitalization of $1.15 billion, a P/E ratio of 21.31 and a beta of 0.79. The stock has a fifty day moving average of $25.08 and a 200-day moving average of $23.40.
Propel (TSE:PRL – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The business had revenue of $201.47 million for the quarter, compared to analysts’ expectations of $279.95 million. Propel had a return on equity of 21.79% and a net margin of 8.68%. On average, sell-side analysts forecast that Propel will post 5.39 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Cindy Usprech sold 9,196 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $25.86, for a total value of $237,808.56. Corporate insiders own 33.31% of the company’s stock.
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).
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