Mullen Group (TSE:MTL) Given New C$35.00 Price Target at Royal Bank Of Canada

Mullen Group (TSE:MTL) had its target price raised by Royal Bank Of Canada from C$32.00 to C$35.00 in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 18.16% from the company’s previous close.

Several other research firms have also recently commented on MTL. Scotia increased their price target on Mullen Group from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a report on Friday. Desjardins boosted their price objective on Mullen Group from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce upped their target price on Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. BMO Capital Markets upped their target price on Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. Finally, Raymond James Financial raised their target price on Mullen Group from C$25.00 to C$31.00 and gave the stock a “market perform” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Mullen Group presently has a consensus rating of “Moderate Buy” and an average price target of C$30.22.

Mullen Group Price Performance

MTL traded down C$2.66 during trading on Friday, reaching C$29.62. The company’s stock had a trading volume of 442,379 shares, compared to its average volume of 304,232. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 89.59. The firm has a fifty day simple moving average of C$26.44 and a two-hundred day simple moving average of C$23.83. Mullen Group has a 1 year low of C$13.92 and a 1 year high of C$32.47. The company has a market cap of C$2.84 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.81 and a beta of 0.83.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, October 22nd. The company reported C$0.52 earnings per share for the quarter. The business had revenue of C$653.17 million for the quarter. Mullen Group had a return on equity of 9.35% and a net margin of 4.65%.

Insider Buying and Selling at Mullen Group

In other news, insider Carson Paul Urlacher purchased 9,500 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average price of C$28.20 per share, with a total value of C$267,900.00. Following the purchase, the insider directly owned 90,000 shares in the company, valued at approximately C$2,538,000. This represents a 11.80% increase in their position. 6.32% of the stock is currently owned by company insiders.

Key Stories Impacting Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: Mullen Group reported third-quarter profit of approximately C$51.5 million, or C$0.52 per share, while revenue rose 16% to C$653.17 million. The results reflect stronger operating performance across its transportation businesses. Trucking firm Mullen Group reports Q3 profit and revenue growth
• Positive Sentiment: Tighter freight capacity and productivity gains helped lift earnings to record levels, providing evidence that Mullen’s operating initiatives are improving profitability. Mullen posts record results as capacity and productivity improve earnings
• Positive Sentiment: An analyst upgrade recently helped Mullen Group reach a new 12-month high, indicating continued confidence in the company’s earnings momentum and outlook. Mullen Group reaches 12-month high after analyst upgrade
• Neutral Sentiment: Management outlined a 25% EBITDA-margin threshold for approving new capital investments as it prepares for a project ramp in 2027. The discipline could protect returns, but may also limit near-term expansion spending. Mullen outlines EBITDA threshold for new capital
• Negative Sentiment: The market’s “earnings reality check” suggests investors may have expected more from the quarter, particularly with the stock trading near its annual high. Strong reported results therefore have not fully overcome valuation and expectation concerns. Mullen Group faces a Q3 earnings reality check

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.