Mullen Group Ltd. (TSE:MTL) Receives C$20.67 Average Price Target from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$20.67.

MTL has been the subject of several analyst reports. National Bank Financial boosted their price target on shares of Mullen Group from C$19.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Scotiabank boosted their price target on shares of Mullen Group from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Raymond James Financial boosted their price target on shares of Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce boosted their price target on shares of Mullen Group from C$18.00 to C$20.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Acumen Capital boosted their price target on shares of Mullen Group from C$20.50 to C$22.00 and gave the company a “buy” rating in a report on Friday, April 24th.

Mullen Group Stock Performance

Shares of MTL opened at C$21.20 on Friday. Mullen Group has a 1 year low of C$12.98 and a 1 year high of C$21.70. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07. The firm has a fifty day moving average of C$17.80 and a 200-day moving average of C$16.40.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The company had revenue of C$547.70 million during the quarter.

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.0%. Mullen Group’s dividend payout ratio is presently 82.35%.

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.