Mullen Group Ltd (MTL) Receives Average Rating of “Buy” from Analysts

Mullen Group Ltd (TSE:MTL) has been given a consensus recommendation of “Buy” by the eleven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$15.43.

MTL has been the topic of a number of recent analyst reports. Canaccord Genuity cut their price target on shares of Mullen Group from C$17.00 to C$14.50 in a research note on Thursday, November 22nd. National Bank Financial cut their price target on shares of Mullen Group from C$18.50 to C$16.50 and set an “outperform” rating on the stock in a research note on Friday, January 25th. Raymond James upgraded shares of Mullen Group from a “market perform” rating to an “outperform” rating and set a C$15.60 price objective on the stock in a research note on Friday, February 1st. TD Securities increased their price objective on shares of Mullen Group from C$12.50 to C$14.00 and gave the stock a “hold” rating in a research note on Thursday, February 7th. Finally, GMP Securities cut their price objective on shares of Mullen Group from C$13.50 to C$12.50 in a research note on Friday, February 8th.

Shares of Mullen Group stock traded up C$0.04 during trading hours on Friday, reaching C$12.19. The company’s stock had a trading volume of 95,873 shares, compared to its average volume of 337,168. The company has a market cap of $1.25 billion and a PE ratio of -29.02. Mullen Group has a one year low of C$11.26 and a one year high of C$16.93. The company has a quick ratio of 1.61, a current ratio of 1.94 and a debt-to-equity ratio of 57.03.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Wednesday, February 6th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.18 by C($0.02). The firm had revenue of C$333.30 million for the quarter, compared to analysts’ expectations of C$330.75 million. As a group, sell-side analysts expect that Mullen Group will post 0.72000002923858 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.92%. Mullen Group’s payout ratio is currently -130.95%.

About Mullen Group

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.

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Analyst Recommendations for Mullen Group (TSE:MTL)

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