Propel Holdings Inc. (TSE:PRL - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $34.79 and last traded at $34.79, with a volume of 50935 shares. The stock had previously closed at $32.99.
Analyst Upgrades and Downgrades
PRL has been the topic of several analyst reports. Ventum Financial set a C$38.00 target price on Propel and gave the company a "buy" rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised shares of Propel to a "strong-buy" rating in a report on Friday, October 4th. Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a report on Tuesday, October 8th. Finally, Scotiabank raised shares of Propel from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$28.00 to C$34.00 in a research report on Friday, October 4th.
Check Out Our Latest Research Report on PRL
Propel Trading Up 5.5 %
The stock's fifty day moving average is $29.75 and its two-hundred day moving average is $23.71. The company has a market capitalization of $1.20 billion, a PE ratio of 24.34 and a beta of 1.75.
Propel (TSE:PRL - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, beating 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 firm had revenue of $146.06 million for the quarter, compared to analysts' expectations of $137.00 million. As a group, analysts anticipate that Propel Holdings Inc. will post 5.3923205 EPS for the current fiscal year.
Propel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, August 16th. 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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