Mullen Group Ltd. (TSE:MTL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Mullen Group Ltd. (TSE:MTLGet Free Report) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$17.89.

MTL has been the topic of a number of research analyst reports. Scotiabank reduced their price target on Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Acumen Capital reduced their target price on Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada reduced their target price on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. CIBC dropped their price target on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, TD Securities boosted their price target on Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, February 16th.

Check Out Our Latest Research Report on MTL

Insider Activity

In related news, Senior Officer Carson Paul Urlacher acquired 25,000 shares of Mullen Group stock in a transaction dated Thursday, May 16th. The stock was purchased at an average cost of C$12.90 per share, for a total transaction of C$322,500.00. Insiders own 6.30% of the company’s stock.

Mullen Group Trading Up 1.0 %

Shares of MTL stock opened at C$13.04 on Friday. The company has a quick ratio of 1.06, a current ratio of 0.78 and a debt-to-equity ratio of 80.16. The business has a 50-day moving average price of C$13.60 and a two-hundred day moving average price of C$14.08. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.43. The firm has a market cap of C$1.15 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.81.

Mullen Group (TSE:MTLGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.05). The company had revenue of C$462.60 million during the quarter, compared to analysts’ expectations of C$501.00 million. Mullen Group had a return on equity of 13.19% and a net margin of 6.49%. Equities analysts anticipate that Mullen Group will post 1.2780488 EPS for the current fiscal year.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.72 annualized dividend and a dividend yield of 5.52%. Mullen Group’s payout ratio is 52.55%.

About Mullen Group

(Get Free Report

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.

Recommended Stories

Analyst Recommendations for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with's FREE daily email newsletter.