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

Mullen Group Ltd. (TSE:MTLGet Rating) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$17.35.

A number of analysts have weighed in on the company. National Bankshares raised their price target on Mullen Group from C$16.50 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. CIBC raised their price objective on Mullen Group from C$14.00 to C$15.50 in a report on Friday, July 22nd. Haywood Securities raised their price objective on Mullen Group to C$17.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. TD Securities raised their price objective on Mullen Group from C$14.00 to C$17.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. Finally, Raymond James raised Mullen Group from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from C$14.50 to C$18.00 in a report on Friday, July 22nd.

Mullen Group Stock Up 2.9 %

Shares of TSE MTL opened at C$15.70 on Thursday. The stock has a market cap of C$1.46 billion and a P/E ratio of 15.70. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 91.09. Mullen Group has a 12-month low of C$10.83 and a 12-month high of C$15.82. The business’s fifty day simple moving average is C$13.93 and its 200-day simple moving average is C$12.95.

Mullen Group (TSE:MTLGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The company reported C$0.44 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.17. The business had revenue of C$521.56 million during the quarter, compared to analyst estimates of C$453.03 million. As a group, equities analysts predict that Mullen Group will post 1.33 EPS for the current fiscal year.

Mullen Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.59%. Mullen Group’s dividend payout ratio is currently 56.00%.

Mullen Group Company Profile

(Get Rating)

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. 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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