Mullen Group Ltd. (TSE:MTL – Free Report) – Research analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for Mullen Group in a research report issued on Monday, November 2nd. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $1.51 for the year, up from their previous forecast of $1.32. Scotiabank currently has a “Sector Perform” rating and a $30.00 price target on the stock. Scotiabank also issued estimates for Mullen Group’s FY2027 earnings at $1.69 EPS.
A number of other equities analysts also recently commented on MTL. Desjardins upped their target price on Mullen Group from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Scotia lifted their price target on shares of Mullen Group from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Raymond James Financial boosted their price objective on shares of Mullen Group from C$25.00 to C$31.00 and gave the company a “market perform” rating in a research report on Friday, October 23rd. Royal Bank Of Canada upped their price objective on shares of Mullen Group from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Finally, BMO Capital Markets upped their price objective on shares of Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$30.22.
Read Our Latest Analysis on Mullen Group
Mullen Group Price Performance
Shares of MTL stock opened at C$29.55 on Thursday. The firm has a market cap of C$2.83 billion, a P/E ratio of 23.45, a P/E/G ratio of 1.81 and a beta of 0.82. Mullen Group has a fifty-two week low of C$13.92 and a fifty-two week high of C$32.47. The business’s 50 day moving average price is C$27.03 and its 200-day moving average price is C$22.25. The company has a debt-to-equity ratio of 86.15, a quick ratio of 1.06 and a current ratio of 2.18.
Mullen Group (TSE:MTL – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported C$0.52 EPS for the quarter. Mullen Group had a return on equity of 10.58% and a net margin of 5.25%. The business had revenue of C$653.17 million during the quarter.
Insider Activity
In other news, insider Joanna Kathryn Scott sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of C$29.68, for a total value of C$1,187,200.00. Following the completion of the transaction, the insider owned 5,000 shares of the company’s stock, valued at approximately C$148,400. This represents a 88.89% decrease in their position. Corporate insiders own 6.32% of the company’s stock.
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.
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