Mullen Group Ltd. (TSE:MTL) Receives Average Rating of “Moderate Buy” from Analysts

Mullen Group Ltd. (TSE:MTL) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$26.00.

A number of analysts have recently weighed in on MTL shares. Scotiabank upped their target price on Mullen Group from C$24.00 to C$29.00 in a research report on Friday, July 24th. Royal Bank Of Canada raised their price target on Mullen Group from C$23.00 to C$30.00 in a research report on Friday, July 24th. BMO Capital Markets boosted their price target on Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th. Desjardins increased their price objective on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th.

Insider Buying and Selling at Mullen Group

In other news, insider Carson Paul Urlacher purchased 9,500 shares of Mullen Group stock in a transaction that occurred on Monday, July 27th. The shares were acquired at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the transaction, the insider owned 90,000 shares of the company’s stock, valued at approximately C$2,538,000. The trade was a 11.80% increase in their position. Company insiders own 6.32% of the company’s stock.

Mullen Group Stock Performance

TSE MTL opened at C$25.49 on Friday. The firm has a 50-day moving average price of C$25.65 and a two-hundred day moving average price of C$21.69. Mullen Group has a 12-month low of C$13.53 and a 12-month high of C$28.78. The company has a market capitalization of C$2.45 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.81 and a beta of 0.94. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 89.59.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, July 23rd. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$609.30 million during the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

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.