Mullen Group (TSE:MTL) PT Lowered to C$14.50 at BMO Capital Markets

Mullen Group (TSE:MTL) had its target price dropped by equities research analysts at BMO Capital Markets from C$16.00 to C$14.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 10.69% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Scotiabank upped their price objective on Mullen Group from C$19.50 to C$20.00 and gave the company an “outperform” rating in a report on Friday, February 16th. TD Securities boosted their target price on Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, February 16th. National Bankshares boosted their target price on Mullen Group from C$19.00 to C$19.50 and gave the company an “outperform” rating in a research note on Friday, February 16th. Royal Bank of Canada raised Mullen Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$15.00 to C$17.00 in a research note on Monday, January 22nd. Finally, Cormark boosted their target price on Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.89.

Mullen Group Trading Down 0.2 %

TSE MTL opened at C$13.10 on Friday. The stock has a 50-day simple moving average of C$14.64 and a 200 day simple moving average of C$14.20. The company has a market capitalization of C$1.15 billion, a PE ratio of 9.03, a P/E/G ratio of 1.81 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38. Mullen Group has a 12 month low of C$12.82 and a 12 month high of C$16.43.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.02. The business had revenue of C$498.60 million during the quarter, compared to the consensus estimate of C$500.00 million. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. Research analysts forecast that Mullen Group will post 1.3498623 EPS for the current year.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.