Raymond James Financial Has Lowered Expectations for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its price target reduced by Raymond James Financial from C$46.00 to C$42.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. Raymond James Financial also issued estimates for Propel’s Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.77 EPS, FY2025 earnings at $2.90 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $1.03 EPS, Q4 2026 earnings at $0.99 EPS and FY2026 earnings at $4.01 EPS.

A number of other analysts have also issued reports on PRL. Cormark upgraded shares of Propel to a “moderate buy” rating in a research report on Thursday, July 10th. Scotiabank reduced their target price on Propel from C$44.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $40.75.

Propel Stock Performance

Propel stock opened at $35.79 on Wednesday. Propel has a fifty-two week low of $20.99 and a fifty-two week high of $43.36. The company has a market capitalization of $996.43 million, a price-to-earnings ratio of 22.14 and a beta of 1.75. The stock has a fifty day moving average of $34.77 and a two-hundred day moving average of $31.74.

Propel Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, May 15th. Propel’s dividend payout ratio is currently 34.64%.

Insider Activity

In other Propel news, Director Clive Kinross sold 5,000 shares of Propel stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $37.69, for a total transaction of $188,470.00. Also, Senior Officer Sarika Ahluwalia sold 16,417 shares of Propel stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $37.53, for a total transaction of $616,192.39. In the last 90 days, insiders have sold 115,493 shares of company stock worth $4,085,590. Insiders own 33.31% of the company’s stock.

About Propel

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.