Mullen Group (TSE:MTL) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of Mullen Group (TSE:MTL) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports. Desjardins also issued estimates for Mullen Group’s Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.18 EPS, FY2026 earnings at $1.42 EPS and FY2027 earnings at $1.57 EPS.

Several other equities research analysts have also issued reports on MTL. Raymond James raised Mullen Group from a “market perform” rating to an “outperform” rating and decreased their target price for the company from C$17.00 to C$16.75 in a research report on Thursday, April 24th. National Bankshares reduced their price target on shares of Mullen Group from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. CIBC lowered their price objective on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. Acumen Capital dropped their target price on shares of Mullen Group from C$18.75 to C$18.25 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, Cormark decreased their price target on shares of Mullen Group from C$18.50 to C$17.00 in a research note on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Mullen Group currently has a consensus rating of “Buy” and a consensus target price of C$17.15.

Mullen Group Stock Performance

MTL stock opened at C$14.23 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a market cap of C$1.27 billion, a PE ratio of 10.32, a P/E/G ratio of 1.81 and a beta of 1.82. The business has a 50 day moving average of C$12.86 and a 200-day moving average of C$14.07. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, April 30th. Mullen Group’s payout ratio is currently 60.92%.

Insider Buying and Selling

In related news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of C$13.23 per share, with a total value of C$26,460.00. In the last ninety days, insiders acquired 2,832 shares of company stock valued at $37,153. Company insiders own 6.32% of the company’s stock.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.