Mullen Group Ltd. (TSE:MTL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mullen Group Ltd. (TSE:MTL) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$17.95.

Several research analysts have commented on the company. Raymond James Financial lowered Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Scotiabank boosted their price target on 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. Canadian Imperial Bank of Commerce lifted their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a research note on Thursday, January 8th. BMO Capital Markets upped their target price on shares of Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. Finally, Desjardins raised their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, December 12th.

Mullen Group Trading Up 4.8%

TSE MTL opened at C$16.89 on Monday. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.81 and a beta of 0.78. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a one year low of C$11.81 and a one year high of C$17.74. The company’s 50 day moving average price is C$16.34 and its 200 day moving average price is C$14.84.

Mullen Group (TSE:MTL) last posted its earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The business had revenue of C$533.88 million for the quarter.

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.