Mullen Group (TSE:MTL) Sets New 1-Year High – Still a Buy?

Mullen Group Ltd. (TSE:MTL)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$17.51 and last traded at C$17.48, with a volume of 241710 shares changing hands. The stock had previously closed at C$17.44.

Analyst Upgrades and Downgrades

MTL has been the topic of a number of recent analyst reports. Scotiabank lifted their price target on shares of Mullen Group from C$16.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st. TD Securities lifted their target price on Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Desjardins boosted their target price on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce raised their price target on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada lifted their price objective on Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.95.

Mullen Group Trading Up 0.2%

The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The company has a market capitalization of C$1.52 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. The business has a fifty day moving average price of C$16.20 and a 200 day moving average price of C$14.74.

Mullen Group (TSE:MTL) last announced its 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%.

Mullen Group Company Profile

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.