Mullen Group Ltd. (TSE:MTL) Receives C$17.83 Consensus PT from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$17.83.

Several research firms recently commented on MTL. Raymond James dropped their price objective on Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research note on Friday, April 26th. National Bankshares cut their price target on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. CIBC decreased their price objective on Mullen Group from C$16.00 to C$15.50 and set an “outperform” rating for the company in a report on Wednesday, July 3rd. BMO Capital Markets dropped their price objective on shares of Mullen Group from C$16.00 to C$14.50 in a report on Friday, April 26th. Finally, Royal Bank of Canada cut 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 report on Friday, April 26th.

Insider Activity

In other news, Senior Officer Carson Paul Urlacher bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of C$12.90 per share, with a total value of C$322,500.00. 6.30% of the stock is owned by company insiders.

Mullen Group Price Performance

MTL opened at C$14.50 on Friday. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.02. The firm has a 50-day moving average of C$13.06 and a 200 day moving average of C$13.95. The company has a debt-to-equity ratio of 80.16, a quick ratio of 1.06 and a current ratio of 0.78. The firm has a market cap of C$1.28 billion, a P/E ratio of 10.58, a PEG ratio of 1.81 and a beta of 1.81.

Mullen Group (TSE:MTL) last released its earnings results on Thursday, April 25th. The company reported C$0.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.05). Mullen Group had a net margin of 6.49% and a return on equity of 13.19%. The company had revenue of C$462.60 million during the quarter, compared to analysts’ expectations of C$501.00 million. On average, research analysts expect that Mullen Group will post 1.2780488 EPS for the current year.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Wednesday, July 31st. Mullen Group’s payout ratio is 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.