Mullen Group Ltd. (TSE:MTL) Receives C$17.89 Consensus Price Target from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$17.89.

Several research firms have commented on MTL. Acumen Capital reduced their price objective on Mullen Group from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Friday, February 16th. CIBC cut their price target 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. Raymond James lowered their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research report on Friday, April 26th. National Bankshares dropped their price objective on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on shares of 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.

Mullen Group Stock Up 0.3 %

Shares of TSE MTL opened at C$12.78 on Tuesday. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.43. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79. The company has a debt-to-equity ratio of 80.16, a current ratio of 0.78 and a quick ratio of 1.06. The business has a 50-day moving average of C$14.24 and a two-hundred day moving average of C$14.13.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.02. Mullen Group had a net margin of 6.49% and a return on equity of 13.19%. The business had revenue of C$498.60 million during the quarter, compared to analysts’ expectations of C$500.00 million. On average, analysts forecast that Mullen Group will post 1.2698892 earnings per share for the current fiscal year.

Mullen Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Monday, April 29th. Mullen Group’s dividend payout ratio is currently 52.55%.

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.