Mullen Group (TSE:MTL) Upgraded to Moderate Buy at Desjardins

Mullen Group (TSE:MTL) was upgraded by Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports. Desjardins also issued estimates for Mullen Group’s Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.18 EPS, FY2026 earnings at $1.42 EPS and FY2027 earnings at $1.57 EPS.

Other equities analysts have also recently issued research reports about the company. National Bankshares lowered their target price on Mullen Group from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Acumen Capital decreased their price objective on Mullen Group from C$18.75 to C$18.25 and set a “buy” rating for the company in a report on Thursday, April 24th. Raymond James upgraded Mullen Group from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from C$17.00 to C$16.75 in a report on Thursday, April 24th. Cormark decreased their price objective on Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th. Finally, Royal Bank of Canada decreased their price objective on Mullen Group from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$17.15.

Mullen Group Price Performance

MTL stock opened at C$14.23 on Monday. The stock has a 50-day moving average price of C$12.86 and a two-hundred day moving average price of C$14.07. The stock has a market cap of C$1.27 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06.

Insider Activity at Mullen Group

In other news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. In the last ninety days, insiders bought 2,832 shares of company stock worth $37,153. Insiders own 6.32% of the company’s stock.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.