Propel Holdings Inc. (TSE:PRL – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.39 and last traded at $34.25, with a volume of 14980 shares. The stock had previously closed at $33.45.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Scotiabank upgraded shares of Propel from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$28.00 to C$34.00 in a research note on Friday, October 4th. Ventum Cap Mkts upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th.
Check Out Our Latest Stock Report on PRL
Propel Trading Up 1.1 %
Propel (TSE:PRL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $146.06 million for the quarter, compared to analyst estimates of $137.00 million. Propel had a net margin of 10.17% and a return on equity of 36.84%. On average, analysts anticipate that Propel Holdings Inc. will post 5.3923205 earnings per share for the current year.
Propel Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Friday, August 16th. Propel’s payout ratio is 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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