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

Mullen Group Ltd. (TSE:MTL) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$20.67.

A number of research firms have recently issued reports on MTL. National Bank Financial lifted their price objective on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada lifted their target price on shares of Mullen Group from C$19.00 to C$21.00 and gave the stock an “outperform” 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. Canadian Imperial Bank of Commerce lifted their target price on shares of Mullen Group from C$18.00 to C$20.00 and gave the stock a “neutral” 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 Stock Performance

TSE MTL opened at C$21.78 on Friday. Mullen Group has a 52-week low of C$12.98 and a 52-week high of C$23.46. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07. The company has a market capitalization of C$2.09 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a fifty day moving average of C$20.93 and a 200-day moving average of C$18.06.

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

Mullen Group Announces Dividend

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

Insider Buying and Selling

In related news, Director Stephen H. Lockwood sold 3,500 shares of Mullen Group 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 transaction, the director owned 7,562 shares in the company, valued at C$162,583. This trade represents a 31.64% decrease in their position. 6.32% of the stock is currently owned by insiders.

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.