Propel Holdings Inc. (TSE:PRL - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $34.39 and last traded at $34.25, with a volume of 14980 shares changing hands. The stock had previously closed at $33.45.
Analysts Set New Price Targets
A number of brokerages have weighed in on PRL. Ventum Cap Mkts raised shares of Propel to a "strong-buy" rating in a research note on Tuesday, October 8th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a "buy" rating in a report on Wednesday, October 9th. Scotiabank upgraded shares of Propel from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group upgraded shares of Propel to a "strong-buy" rating in a report on Friday, October 4th.
Check Out Our Latest Stock Report on Propel
Propel Stock Down 0.9 %
The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 23.42 and a beta of 1.75. The stock's fifty day moving average is $28.24 and its two-hundred day moving average is $22.27.
Propel (TSE:PRL - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. Propel had a net margin of 10.17% and a return on equity of 36.84%. The business had revenue of $146.06 million for the quarter, compared to the consensus estimate of $137.00 million. As a group, analysts anticipate that Propel Holdings Inc. will post 5.3923205 EPS for the current year.
Propel Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.69%. Propel's dividend payout ratio is currently 39.16%.
About Propel
(
Get Free Report)
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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