Mullen Group Ltd. (TSE:MTL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Mullen Group Ltd. (TSE:MTL) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$17.95.

A number of research firms have recently commented on MTL. National Bank Financial raised their target price on Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Scotiabank raised their price objective on Mullen Group from C$16.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their target price on shares of Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Desjardins increased their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th.

Mullen Group Price Performance

Shares of TSE MTL opened at C$17.38 on Monday. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$17.74. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The company’s 50-day moving average is C$16.50 and its 200 day moving average is C$14.95. The stock has a market capitalization of C$1.67 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.81 and a beta of 0.78.

Mullen Group (TSE:MTL) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$533.88 million during the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%.

About Mullen Group

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.