Propel Holdings Inc. (TSE:PRL - Free Report) - Equities researchers at Raymond James upped their FY2024 earnings estimates for Propel in a research report issued on Wednesday, November 6th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $2.45 for the year, up from their prior estimate of $2.42. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Raymond James also issued estimates for Propel's Q1 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.07 EPS and FY2025 earnings at $3.51 EPS.
A number of other research analysts have also recently weighed in on the stock. Scotiabank upgraded shares of Propel from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$28.00 to C$34.00 in a research note on Friday, October 4th. Eight Capital boosted their price target on shares of Propel from C$38.00 to C$45.00 in a research note on Friday. Canaccord Genuity Group upgraded shares of Propel to a "strong-buy" rating in a research report on Friday, October 4th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a research note on Tuesday, October 8th.
Check Out Our Latest Research Report on PRL
Propel Trading Down 4.7 %
PRL stock traded down $1.85 on Monday, hitting $37.89. The company had a trading volume of 181,233 shares, compared to its average volume of 91,061. The stock's 50-day simple moving average is $31.53 and its 200 day simple moving average is $25.07. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 27.79 and a beta of 1.75. Propel has a 12-month low of $8.65 and a 12-month high of $40.88.
Propel Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be given a dividend of $0.15 per share. This is a boost from Propel's previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. Propel's dividend payout ratio is presently 39.16%.
Propel Company Profile
(
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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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