Shares of Mullen Group Ltd. (TSE:MTL – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$12.82 and last traded at C$12.85, with a volume of 169675 shares. The stock had previously closed at C$13.14.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on MTL shares. Cormark upped their price target on Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Acumen Capital dropped their price target on Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. BMO Capital Markets lowered their price objective on Mullen Group from C$16.00 to C$14.50 in a research note on Friday, April 26th. CIBC lowered their price objective on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, TD Securities increased their price objective on Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$17.89.
Mullen Group Stock Down 0.1 %
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.02. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. The company had revenue of C$498.60 million for the quarter, compared to the consensus estimate of C$500.00 million. Sell-side analysts predict that Mullen Group Ltd. will post 1.3498623 earnings per share for the current fiscal year.
Mullen Group Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 5.74%. Mullen Group’s payout ratio is 49.66%.
Mullen Group Company Profile
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.
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