Mullen Group (TSE:MTL) Stock Price Up 7.1% – Should You Buy?

Shares of Mullen Group Ltd. (TSE:MTL) were up 7.1% on Thursday. The company traded as high as C$31.83 and last traded at C$31.00. 345,647 shares were traded during trading, an increase of 15% from the average daily volume of 300,468 shares. The stock had previously closed at C$28.95.

Key Stories Impacting Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: Analysts raised price targets. Scotia increased its target to C$33 while maintaining a “sector perform” rating; Raymond James raised its target to C$31 with a “market perform” rating. RBC lifted its target to C$35 and retained an “outperform” rating, while National Bank Financial raised its target to C$36 and also rated the shares “outperform.” Mullen Group analyst price target increases
• Positive Sentiment: Third-quarter results were strong. Mullen Group reported C$51.5 million in profit, revenue of approximately C$653.2 million—up 16% year over year—and earnings of C$0.52 per share. Reports highlighted record results, tighter industry capacity and productivity improvements as key drivers. Mullen Group reports third-quarter profit and revenue growth
• Neutral Sentiment: Management is positioning for future growth. Mullen said it expects new capital spending to meet a 25% EBITDA-margin threshold and is preparing for a project ramp in 2027. This could support longer-term growth, but it also makes execution and future margins important for investors. Mullen Group 2027 capital and EBITDA outlook
• Negative Sentiment: The market may be taking profits after the recent rally. Mullen Group reached a new 12-month high following analyst upgrades, while the “market perform” and “sector perform” ratings from two firms indicate that some analysts view the current valuation as fairly priced. A Q3 “reality check” may also be encouraging investors to focus on forward expectations rather than the strong reported quarter. Mullen Group reaches a new 12-month high

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MTL shares. BMO Capital Markets increased their target price on shares of Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. National Bank Financial lifted their price target on shares of Mullen Group from C$31.00 to C$36.00 and gave the company an “outperform” rating in a report on Friday. Scotia lifted their price target on shares of Mullen Group from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a report on Friday. Desjardins upped their price target on shares of Mullen Group from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of Mullen Group from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.22.

Mullen Group Stock Down 10.9%

The company has a 50-day moving average price of C$26.48 and a 200 day moving average price of C$23.86. The firm has a market capitalization of C$2.76 billion, a PE ratio of 25.91, a P/E/G ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 70.20, a current ratio of 2.18 and a quick ratio of 1.06.

Mullen Group (TSE:MTL) last released its earnings results on Thursday, October 22nd. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$653.17 million during the quarter. Mullen Group had a return on equity of 10.58% and a net margin of 5.25%.

Insider Activity

In related news, insider Carson Paul Urlacher acquired 9,500 shares of Mullen Group stock in a transaction dated Monday, July 27th. The shares were purchased at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the completion of the transaction, the insider directly owned 90,000 shares in the company, valued at approximately C$2,538,000. This represents a 11.80% increase in their position. 6.32% of the stock is currently owned by insiders.

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.