Mullen Group Ltd. (TSE:MTL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Mullen Group Ltd. (TSE:MTL) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$20.67.

A number of equities analysts recently commented on the stock. National Bank Financial lifted their target price on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Acumen Capital lifted their target price on shares of Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Raymond James Financial lifted their target price on shares of Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Scotiabank lifted their target price on shares of Mullen Group from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Finally, Desjardins lifted their target price on shares of Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, April 24th.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$21.67 on Wednesday. The stock has a market cap of C$2.08 billion, a PE ratio of 21.25, a PEG ratio of 1.81 and a beta of 0.84. The company’s fifty day moving average is C$18.97 and its 200 day moving average is C$17.07. Mullen Group has a 52 week low of C$12.98 and a 52 week high of C$22.37. The company has a quick ratio of 1.06, a current ratio of 2.07 and a debt-to-equity ratio of 91.65.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, April 23rd. The company reported C$0.20 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 Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, April 30th. Mullen Group’s dividend payout ratio (DPR) is 82.35%.

Insider Transactions at Mullen Group

In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total value of C$75,250.00. Following the sale, the director owned 7,562 shares of the company’s stock, valued at C$162,583. This trade represents a 31.64% decrease in their position. 6.32% of the stock is currently owned by company insiders.

About Mullen Group

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.