Mullen Group (TSE:MTL – Get Free Report) had its target price reduced by equities researchers at BMO Capital Markets from C$16.00 to C$14.50 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 9.77% from the stock’s current price.
MTL has been the subject of several other research reports. CIBC upgraded Mullen Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$16.50 to C$17.00 in a research note on Friday, February 16th. Cormark boosted their price objective on Mullen Group from C$19.50 to C$20.00 in a research report on Friday, February 16th. TD Securities boosted their price objective on Mullen Group from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. National Bankshares boosted their price objective on Mullen Group from C$19.00 to C$19.50 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Raymond James boosted their price objective on Mullen Group from C$16.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. 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, Mullen Group has an average rating of “Moderate Buy” and an average price target of C$17.89.
Check Out Our Latest Report on Mullen Group
Mullen Group Trading Up 0.7 %
Mullen Group (TSE:MTL – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.02. The company had revenue of C$498.60 million during the quarter, compared to the consensus estimate of C$500.00 million. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. As a group, equities research 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.
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