Mullen Group (TSE:MTL) Stock Price Expected to Rise, Scotia Analyst Says

Mullen Group (TSE:MTL) had its price objective hoisted by stock analysts at Scotia from C$30.00 to C$33.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. Scotia‘s price objective would indicate a potential upside of 11.41% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Mullen Group from C$30.00 to C$32.00 in a research report on Wednesday, September 30th. Desjardins boosted their target price on shares of Mullen Group from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday. Canadian Imperial Bank of Commerce boosted their target price on shares of Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. BMO Capital Markets upped their price target on shares of Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. Finally, Scotiabank increased their price target on Mullen Group from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mullen Group presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.22.

Mullen Group Trading Down 8.2%

MTL stock traded down C$2.66 during trading on Friday, hitting C$29.62. The company had a trading volume of 442,379 shares, compared to its average volume of 304,232. The stock has a market cap of C$2.84 billion, a PE ratio of 26.68, a PEG ratio of 1.81 and a beta of 0.83. The business has a 50-day moving average of C$26.44 and a 200-day moving average of C$23.83. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59. Mullen Group has a one year low of C$13.92 and a one year high of C$32.47.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, October 22nd. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$653.17 million during the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

Insiders Place Their Bets

In other news, insider Carson Paul Urlacher purchased 9,500 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were acquired at an average cost of C$28.20 per share, with a total value of C$267,900.00. Following the purchase, the insider owned 90,000 shares in the company, valued at C$2,538,000. This represents a 11.80% increase in their ownership of the stock. Company insiders own 6.32% of the company’s stock.

More Mullen Group News

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: Mullen Group reported third-quarter profit of approximately C$51.5 million, or C$0.52 per share, while revenue rose 16% to C$653.17 million. The results reflect stronger operating performance across its transportation businesses. Trucking firm Mullen Group reports Q3 profit and revenue growth
• Positive Sentiment: Tighter freight capacity and productivity gains helped lift earnings to record levels, providing evidence that Mullen’s operating initiatives are improving profitability. Mullen posts record results as capacity and productivity improve earnings
• Positive Sentiment: An analyst upgrade recently helped Mullen Group reach a new 12-month high, indicating continued confidence in the company’s earnings momentum and outlook. Mullen Group reaches 12-month high after analyst upgrade
• Neutral Sentiment: Management outlined a 25% EBITDA-margin threshold for approving new capital investments as it prepares for a project ramp in 2027. The discipline could protect returns, but may also limit near-term expansion spending. Mullen outlines EBITDA threshold for new capital
• Negative Sentiment: The market’s “earnings reality check” suggests investors may have expected more from the quarter, particularly with the stock trading near its annual high. Strong reported results therefore have not fully overcome valuation and expectation concerns. Mullen Group faces a Q3 earnings reality check

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.