Mullen Group Ltd. (TSE:MTL) Receives C$17.89 Consensus Target Price from Analysts

Mullen Group Ltd. (TSE:MTL) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$17.89.

A number of research firms recently weighed in on MTL. BMO Capital Markets lowered their target price on shares of Mullen Group from C$16.00 to C$14.50 in a research note on Friday, April 26th. Scotiabank lowered their target price on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Raymond James lowered their target price on shares of 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. Royal Bank of Canada lowered their target price on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, CIBC decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th.

Insider Buying and Selling

In other Mullen Group 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 stock was 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 currently owned by company insiders.

Mullen Group Stock Up 1.1 %

Mullen Group stock opened at C$13.14 on Wednesday. The firm has a market cap of C$1.16 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.81 and a beta of 1.81. The company has a debt-to-equity ratio of 80.16, a current ratio of 0.78 and a quick ratio of 1.06. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.20. The firm has a fifty day moving average price of C$12.99 and a two-hundred day moving average price of C$14.04.

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

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.48%. 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.