Mullen Group (TSE:MTL – Free Report) had its price objective increased by CIBC from C$16.50 to C$17.50 in a report released on Friday morning, BayStreet.CA reports.
Other research analysts have also recently issued research reports about the company. TD Securities decreased their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Cormark raised their target price on shares of Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. BMO Capital Markets raised shares of Mullen Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$14.50 to C$17.00 in a report on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. Finally, Raymond James boosted their price objective on shares of Mullen Group from C$17.25 to C$18.75 in a research report on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$18.86.
View Our Latest Stock Analysis on MTL
Mullen Group Stock Down 1.6 %
Mullen Group (TSE:MTL – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$0.37 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. The firm had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%.
Mullen Group Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.50%. Mullen Group’s payout ratio is presently 62.69%.
About Mullen Group
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.
Recommended Stories
- Five stocks we like better than Mullen Group
- What Are the U.K. Market Holidays? How to Invest and Trade
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.