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

Shares of Mullen Group Ltd. (TSE:MTL) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com 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.

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:MTL) 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

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.