Carson Paul Urlacher Buys 9,500 Shares of Mullen Group (TSE:MTL) Stock

Mullen Group Ltd. (TSE:MTL) insider Carson Paul Urlacher purchased 9,500 shares of the stock in a transaction dated Monday, July 27th. The stock was acquired at an average cost of C$28.20 per share, with a total value of C$267,900.00. Following the transaction, the insider directly owned 90,000 shares in the company, valued at approximately C$2,538,000. This trade represents a 11.80% increase in their position.

Mullen Group Price Performance

TSE MTL opened at C$27.53 on Friday. The company has a debt-to-equity ratio of 89.59, a quick ratio of 1.06 and a current ratio of 2.17. The firm’s 50 day moving average price is C$23.32 and its 200-day moving average price is C$19.79. Mullen Group Ltd. has a 52-week low of C$12.98 and a 52-week high of C$28.78. The company has a market cap of C$2.65 billion, a PE ratio of 24.80, a P/E/G ratio of 1.81 and a beta of 1.13.

Mullen Group (TSE:MTL) last issued its quarterly earnings data on Thursday, July 23rd. The company reported C$0.41 earnings per share (EPS) for the quarter. The company had revenue of C$609.30 million for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank boosted their price target on Mullen Group from C$24.00 to C$29.00 in a research report on Friday, July 24th. Raymond James Financial raised their price objective on Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. BMO Capital Markets lifted their target price on Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th. Desjardins boosted their target price on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$26.00.

About Mullen Group

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.