Q3 2017 Earnings Estimate for Mullen Group Ltd Issued By National Bank Financial (MTL)
Mullen Group Ltd (TSE:MTL) – Analysts at National Bank Financial boosted their Q3 2017 earnings per share estimates for shares of Mullen Group in a research report issued to clients and investors on Tuesday. National Bank Financial analyst G. Colman now expects that the company will earn $0.12 per share for the quarter, up from their prior estimate of $0.11. National Bank Financial currently has a “Outperform” rating and a $18.75 price objective on the stock.
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MTL has been the topic of a number of other reports. Raymond James Financial, Inc. lifted their price target on Mullen Group from C$15.25 to C$15.75 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. CIBC decreased their price target on Mullen Group from C$20.50 to C$19.00 in a research note on Thursday, July 20th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$18.00 price target on shares of Mullen Group in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mullen Group currently has an average rating of “Buy” and a consensus price target of C$18.81.
Shares of Mullen Group (TSE MTL) opened at 15.45 on Friday. The company has a market capitalization of $1.60 billion and a PE ratio of 31.53. Mullen Group has a one year low of $14.49 and a one year high of $20.32. The company has a 50-day moving average price of $15.49 and a 200 day moving average price of $15.76.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.33%.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States.
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