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

Mullen Group Ltd. (TSE:MTL) shares reached a new 52-week high on Monday . The company traded as high as C$16.81 and last traded at C$16.81, with a volume of 45772 shares trading hands. The stock had previously closed at C$16.67.

Wall Street Analyst Weigh In

MTL has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. National Bankshares dropped their price objective on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Raymond James Financial lowered Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. BMO Capital Markets raised their price target on shares of Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Finally, Desjardins lifted their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mullen Group presently has an average rating of “Moderate Buy” and a consensus target price of C$17.45.

Mullen Group Trading Up 0.8%

The company has a market cap of C$1.46 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.81 and a beta of 0.66. The business has a fifty day simple moving average of C$15.41 and a 200 day simple moving average of C$14.43. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$561.72 million for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

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.