Propel (TSE:PRL) Given New C$45.00 Price Target at Eight Capital

Propel (TSE:PRL) had its target price upped by Eight Capital from C$38.00 to C$45.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on PRL. Raymond James boosted their price objective on shares of Propel from C$34.00 to C$40.00 in a research report on Thursday. Scotiabank raised Propel from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Canaccord Genuity Group upgraded Propel to a “strong-buy” rating in a research report on Friday, October 4th. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Ventum Financial set a C$38.00 price objective on Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th.

Propel Stock Performance

Shares of PRL stock traded up $0.08 during mid-day trading on Friday, hitting $39.74. The company’s stock had a trading volume of 231,996 shares, compared to its average volume of 90,645. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 27.79 and a beta of 1.75. Propel has a 52-week low of $8.19 and a 52-week high of $40.88. The business has a 50-day moving average price of $31.53 and a 200 day moving average price of $25.07.

Propel (TSE:PRL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $146.06 million during 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%. Equities research analysts predict that Propel will post 5.3923205 EPS for the current fiscal year.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, November 15th. This is a positive change from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio is presently 39.16%.

About Propel

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.