Propel (TSE:PRL) Upgraded by Ventum Cap Mkts to Strong-Buy

Ventum Cap Mkts upgraded shares of Propel (TSE:PRL) to a strong-buy rating in a report issued on Tuesday, Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the stock a buy rating in a research report on Wednesday. Scotiabank upgraded shares of Propel from a sector perform rating to an outperform rating and lifted their price objective for the stock from C$28.00 to C$34.00 in a research report on Friday, October 4th. Finally, Canaccord Genuity Group upgraded shares of Propel to a strong-buy rating in a research report on Friday, October 4th.

Propel Stock Performance

Propel stock opened at $32.30 on Tuesday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 22.59 and a beta of 1.75. Propel has a 1 year low of $7.07 and a 1 year high of $33.06. The firm’s 50 day moving average price is $28.03 and its two-hundred day moving average price is $21.95.

Propel (TSE:PRL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities analysts predict that Propel will post 5.3923205 EPS for the current fiscal year.

Propel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, August 16th. Propel’s dividend payout ratio is presently 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.