BMO Capital Markets Lowers Mullen Group (TSE:MTL) Price Target to C$14.50

Mullen Group (TSE:MTL) had its price objective cut by equities research analysts at BMO Capital Markets from C$16.00 to C$14.50 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 10.69% from the stock’s current price.

A number of other research analysts have also issued reports on MTL. National Bankshares lifted their target price on Mullen Group from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a report on Friday, February 16th. Acumen Capital lowered their target price on Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Cormark lifted their target price on Mullen Group from C$19.50 to C$20.00 in a report on Friday, February 16th. Scotiabank increased their price target on Mullen Group from C$19.50 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada upgraded Mullen Group from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$15.00 to C$17.00 in a research report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$17.89.

Mullen Group Price Performance

Shares of MTL opened at C$13.10 on Friday. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79. The company has a debt-to-equity ratio of 78.38, a quick ratio of 1.06 and a current ratio of 0.76. Mullen Group has a one year low of C$12.82 and a one year high of C$16.43. The stock’s fifty day moving average is C$14.64 and its 200-day moving average is C$14.20.

Mullen Group (TSE:MTL) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.02. The company had revenue of C$498.60 million for the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. Equities analysts anticipate that Mullen Group will post 1.3498623 EPS for the current year.

About Mullen Group

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.