Mullen Group Ltd. (TSE:MTL) Receives C$20.67 Consensus PT from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$20.67.

A number of equities analysts recently issued reports on MTL shares. Acumen Capital upped their price target on shares of Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Desjardins upped their price target on shares of Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada upped their price target on shares of Mullen Group from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Scotiabank upped their price target on shares of Mullen Group from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Finally, National Bank Financial upped their price target on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th.

Insiders Place Their Bets

In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total value of C$75,250.00. Following the completion of the transaction, the director owned 7,562 shares of the company’s stock, valued at approximately C$162,583. The trade was a 31.64% decrease in their position. Company insiders own 6.32% of the company’s stock.

Mullen Group Stock Performance

Shares of Mullen Group stock opened at C$22.10 on Wednesday. The stock has a market cap of C$2.12 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.81 and a beta of 0.84. The firm’s 50-day moving average is C$19.42 and its 200 day moving average is C$17.28. Mullen Group has a 1 year low of C$12.98 and a 1 year high of C$22.37. The company has a debt-to-equity ratio of 91.65, a current ratio of 2.07 and a quick ratio of 1.06.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$547.70 million for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 3.8%. Mullen Group’s payout ratio is 82.35%.

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.