Mullen Group (TSE:MTL) PT Raised to C$18.75 at Raymond James

Mullen Group (TSE:MTL) had its price objective upped by Raymond James from C$17.25 to C$18.75 in a research note issued on Friday, BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 22.87% from the company’s current price.

A number of other equities research analysts have also recently commented on MTL. TD Securities reduced their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada increased their target price on shares of Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. Cormark raised their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a research note on Friday, July 26th. CIBC raised their price objective on shares of Mullen Group from C$15.50 to C$16.50 in a research note on Friday, July 26th. Finally, BMO Capital Markets raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$14.50 to C$17.00 in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Mullen Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.86.

Mullen Group Stock Performance

TSE:MTL opened at C$15.26 on Friday. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. The company has a fifty day moving average of C$14.33 and a two-hundred day moving average of C$13.78. The stock has a market capitalization of C$1.34 billion, a PE ratio of 11.39, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$15.72.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. The company had revenue of C$495.60 million during the quarter, compared to analysts’ expectations of C$490.50 million. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%.

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.