Mullen Group Ltd. (TSE:MTL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$17.95.

Several equities research analysts recently commented on MTL shares. National Bank Financial boosted their price objective on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce upped their price target on shares of Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Scotiabank increased their price target on shares of Mullen Group from C$16.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. BMO Capital Markets lifted their price objective on Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Finally, Raymond James Financial lowered Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th.

Mullen Group Stock Performance

MTL opened at C$17.38 on Monday. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$17.74. The stock has a market cap of C$1.67 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.81 and a beta of 0.78. The stock’s 50 day simple moving average is C$16.50 and its 200 day simple moving average is C$14.98. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

Mullen Group (TSE:MTL) last posted its earnings results on Thursday, February 12th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$533.88 million for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

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.