National Bankshares Trims Mullen Group (TSE:MTL) Target Price to C$18.00

Mullen Group (TSE:MTL) had its price target trimmed by National Bankshares from C$19.50 to C$18.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

MTL has been the subject of a number of other reports. Royal Bank of Canada upgraded Mullen Group from a sector perform rating to an outperform rating and increased their price target for the stock from C$15.00 to C$17.00 in a report on Monday, January 22nd. Acumen Capital decreased their target price on Mullen Group from C$19.50 to C$19.00 and set a buy rating on the stock in a research note on Friday, February 16th. CIBC raised Mullen Group from a neutral rating to an outperform rating and increased their target price for the stock from C$16.50 to C$17.00 in a research note on Friday, February 16th. Scotiabank increased their target price on Mullen Group from C$19.50 to C$20.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Finally, Cormark increased their target price on Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$17.89.

Mullen Group Stock Up 0.3 %

Shares of TSE:MTL opened at C$13.14 on Friday. The company has a quick ratio of 1.06, a current ratio of 0.76 and a debt-to-equity ratio of 78.38. The business has a fifty day moving average of C$14.61 and a two-hundred day moving average of C$14.20. The stock has a market cap of C$1.16 billion, a P/E ratio of 9.06, a PEG ratio of 1.81 and a beta of 1.79. Mullen Group has a 52-week low of C$12.82 and a 52-week high of C$16.43.

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

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Monday, April 29th. Mullen Group’s dividend payout ratio is currently 49.66%.

About Mullen Group

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.