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

Mullen Group Ltd. (TSE:MTL) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$18.61.

Several equities research analysts have recently issued reports on the stock. CIBC upgraded shares of Mullen Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$16.50 to C$17.00 in a research report on Friday, February 16th. Royal Bank of Canada upgraded shares of Mullen Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$15.00 to C$17.00 in a research report on Monday, January 22nd. Acumen Capital reduced their price objective on shares of Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. BMO Capital Markets lifted their price objective on shares of Mullen Group from C$15.00 to C$16.00 in a research report on Friday, February 2nd. Finally, National Bankshares lifted their price objective on shares of Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a research report on Friday, February 16th.

Mullen Group Trading Up 0.4 %

Mullen Group stock opened at C$15.00 on Friday. The firm has a 50 day moving average of C$14.84 and a 200 day moving average of C$14.13. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.81 and a beta of 1.77. Mullen Group has a 12-month low of C$12.82 and a 12-month high of C$16.43. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.02. The firm had revenue of C$498.60 million for the quarter, compared to analysts’ expectations of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. As a group, research analysts predict that Mullen Group will post 1.3780037 earnings per share for the current year.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, March 27th. Mullen Group’s dividend payout ratio is presently 49.66%.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.