Mullen Group Ltd. (TSE:MTL) Receives C$15.10 Average PT from Analysts

Mullen Group Ltd. (TSE:MTL) has received a consensus rating of “Buy” from the ten brokerages that are covering the company, reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.18.

Several analysts recently commented on MTL shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$15.00 price target on shares of Mullen Group in a research note on Monday, July 5th. Cormark boosted their price target on Mullen Group from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Friday, July 2nd. Canaccord Genuity boosted their price target on Mullen Group from C$13.50 to C$14.00 and gave the company a “buy” rating in a research note on Friday, May 21st. Scotiabank boosted their price target on Mullen Group from C$14.25 to C$15.00 in a research note on Tuesday. Finally, Raymond James boosted their price target on Mullen Group from C$12.75 to C$13.50 and gave the company a “market perform” rating in a research note on Tuesday, July 6th.

Shares of TSE:MTL traded up C$0.59 during trading on Friday, hitting C$13.29. 422,709 shares of the stock were exchanged, compared to its average volume of 287,837. Mullen Group has a 1-year low of C$8.28 and a 1-year high of C$13.95. The stock has a market capitalization of C$1.29 billion and a P/E ratio of 18.40. The company has a fifty day moving average price of C$12.90. The company has a quick ratio of 2.86, a current ratio of 3.30 and a debt-to-equity ratio of 67.25.

Mullen Group (TSE:MTL) last announced its quarterly earnings data on Wednesday, April 21st. The company reported C$0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.10 by C$0.02. The firm had revenue of C$290.50 million for the quarter, compared to analyst estimates of C$310.20 million. As a group, analysts forecast that Mullen Group will post 0.8613554 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 16th. Shareholders of record on Saturday, July 31st will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, July 29th. Mullen Group’s dividend payout ratio is currently 40.93%.

About Mullen Group

Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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Analyst Recommendations for Mullen Group (TSE:MTL)

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