Propel Holdings Inc. (TSE:PRL - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.73 and last traded at $32.36, with a volume of 95572 shares. The stock had previously closed at $30.42.
Several brokerages recently issued reports on PRL. 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. Canaccord Genuity Group raised shares of Propel to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Scotiabank raised shares of Propel from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$28.00 to C$34.00 in a research note on Friday, October 4th.
Get Our Latest Analysis on PRL
The stock has a market capitalization of $1.12 billion, a P/E ratio of 22.95 and a beta of 1.81. The business's 50 day simple moving average is $27.79 and its two-hundred day simple moving average is $21.67.
Propel (TSE:PRL - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $137.00 million. Analysts predict that Propel Holdings Inc. will post 5.2716469 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Friday, August 16th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, August 16th. Propel's payout ratio is currently 39.72%.
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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