Stifel Nicolaus Issues Positive Forecast for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its price objective lifted by analysts at Stifel Nicolaus from C$38.00 to C$40.00 in a report released on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock.

A number of other research firms have also recently issued reports on PRL. TD set a C$37.00 price objective on shares of Propel and gave the company a “buy” rating in a research report on Wednesday, October 14th. ATB Cormark Capital Markets increased their target price on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Ventum raised their target price on Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, TD Securities upgraded Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Propel Stock Down 4.4%

Shares of Propel stock traded down $1.33 on Thursday, hitting $29.20. The stock had a trading volume of 257,994 shares, compared to its average volume of 223,420. Propel has a one year low of $17.24 and a one year high of $31.06. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 21.31 and a beta of 0.79. The stock’s 50-day simple moving average is $25.08 and its two-hundred day simple moving average is $23.40.

Propel (TSE:PRL) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The firm had revenue of $201.47 million for the quarter, compared to the consensus estimate of $279.95 million. Propel had a net margin of 8.68% and a return on equity of 21.79%. As a group, equities analysts predict that Propel will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Propel news, insider Cindy Usprech sold 9,196 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $25.86, for a total transaction of $237,808.56. 33.31% of the stock is currently owned by company insiders.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).