Mullen Group Ltd. (TSE:MTL) Receives C$20.67 Consensus Price Target from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$20.67.

A number of research firms have recently weighed in on MTL. Canadian Imperial Bank of Commerce increased their price target on Mullen Group from C$18.00 to C$20.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial increased their price target on Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. National Bank Financial increased their price target on Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their price target on Mullen Group from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Desjardins increased their price target on Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 24th.

Mullen Group Stock Down 0.4%

Shares of TSE:MTL opened at C$21.80 on Wednesday. The stock has a market cap of C$2.09 billion, a P/E ratio of 21.37, a PEG ratio of 1.81 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 2.07 and a debt-to-equity ratio of 91.65. Mullen Group has a 52-week low of C$12.98 and a 52-week high of C$22.37. The business has a fifty day moving average of C$19.30 and a two-hundred day moving average of C$17.21.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$547.70 million during the quarter. Mullen Group had a return on equity of 8.72% and a net margin of 4.32%.

Mullen Group Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 3.9%. Mullen Group’s dividend payout ratio is presently 82.35%.

Insider Transactions at Mullen Group

In related news, Director Stephen H. Lockwood sold 3,500 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the transaction, the director owned 7,562 shares of the company’s stock, valued at approximately C$162,583. This represents a 31.64% decrease in their position. Insiders own 6.32% of the company’s stock.

Mullen Group Company Profile

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.