Mullen Group (TSE:MTL) Reaches New 1-Year High – Should You Buy?

Mullen Group Ltd. (TSE:MTL) hit a new 52-week high on Thursday . The stock traded as high as C$16.10 and last traded at C$16.04, with a volume of 30628 shares trading hands. The stock had previously closed at C$15.91.

Analyst Ratings Changes

MTL has been the topic of a number of recent research reports. Raymond James Financial cut Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 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 report on Friday, December 12th. National Bankshares cut their price target on shares of Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. TD Securities increased their price target on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Mullen Group from C$16.00 to C$18.00 in a report on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mullen Group presently has an average rating of “Moderate Buy” and a consensus target price of C$17.40.

Mullen Group Price Performance

The firm’s 50 day simple moving average is C$14.61 and its two-hundred day simple moving average is C$14.14. The firm has a market capitalization of C$1.39 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.81 and a beta of 0.67. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$561.72 million for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

Mullen Group Announces Dividend

The business also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.07 per share. Mullen Group’s dividend payout ratio (DPR) is presently 79.25%.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.