Mullen Group (TSE:MTL) Hits New 12-Month High – Should You Buy?

Mullen Group Ltd. (TSE:MTL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$19.08 and last traded at C$19.02, with a volume of 94525 shares traded. The stock had previously closed at C$18.20.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce upped their target price on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Royal Bank Of Canada upped their target price on Mullen Group from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. National Bank Financial upped their target price on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Scotiabank upped their target price on Mullen Group from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$18.20.

Mullen Group Stock Up 4.5%

The stock has a market cap of C$1.82 billion, a P/E ratio of 19.02, a PEG ratio of 1.81 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 111.51. The business has a 50-day simple moving average of C$17.16 and a 200-day simple moving average of C$15.99.

Mullen Group (TSE:MTL) last announced its earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$547.70 million during the quarter. Mullen Group had a return on equity of 8.68% and a net margin of 4.27%.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.4%. Mullen Group’s payout ratio is 84.00%.

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.