Mullen Group (TSE:MTL) Price Target Cut to C$19.00

Mullen Group (TSE:MTL) had its target price dropped by investment analysts at Scotiabank from C$20.00 to C$19.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 45.04% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. National Bankshares reduced their target price on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada raised shares of Mullen Group from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$15.00 to C$17.00 in a report on Monday, January 22nd. Acumen Capital reduced their target price on shares of Mullen Group from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Friday, February 16th. Raymond James raised their price target on shares of Mullen Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Finally, BMO Capital Markets dropped their price target on shares of Mullen Group from C$16.00 to C$14.50 in a research report on Friday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Mullen Group presently has an average rating of “Moderate Buy” and an average target price of C$17.89.

Mullen Group Trading Down 0.2 %

TSE MTL opened at C$13.10 on Friday. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38. The company has a fifty day simple moving average of C$14.64 and a two-hundred day simple moving average of C$14.20. Mullen Group has a 12-month low of C$12.82 and a 12-month high of C$16.43. The stock has a market cap of C$1.15 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.81 and a beta of 1.79.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.02. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. The firm had revenue of C$498.60 million during the quarter, compared to analysts’ expectations of C$500.00 million. On average, analysts forecast that Mullen Group will post 1.3498623 earnings per share for the current year.

Mullen Group Company Profile

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.