Propel Holdings Inc. (TSE:PRL – Free Report) – Equities researchers at Scotiabank decreased their FY2024 EPS estimates for Propel in a report released on Wednesday, January 8th. Scotiabank analyst P. Hardie now anticipates that the company will post earnings of $1.62 per share for the year, down from their prior estimate of $1.99. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Propel’s current full-year earnings is $5.39 per share. Scotiabank also issued estimates for Propel’s FY2026 earnings at $3.17 EPS.
Several other research firms have also commented on PRL. Ventum Financial set a C$38.00 price target on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Eight Capital increased their price objective on Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Raymond James lifted their target price on Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Finally, Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Propel has an average rating of “Buy” and a consensus target price of $41.00.
Propel Stock Performance
Propel stock opened at $34.31 on Monday. Propel has a fifty-two week low of $12.88 and a fifty-two week high of $40.88. The company has a market capitalization of $1.18 billion, a PE ratio of 23.99 and a beta of 1.75. The company has a 50 day moving average price of $36.97 and a 200-day moving average price of $31.07.
Insider Buying and Selling at Propel
In related news, Senior Officer Cindy Usprech sold 859 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.30, for a total value of $32,899.70. Also, Senior Officer Jonathan Ari Goler sold 5,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $38.30, for a total transaction of $199,160.00. Insiders have sold a total of 60,459 shares of company stock valued at $2,241,343 over the last ninety days. Corporate insiders own 33.31% of the company’s stock.
Propel Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. Propel’s dividend payout ratio is currently 39.16%.
Propel Company Profile
Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.
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