Mullen Group (TSE:MTL) PT Lowered to C$16.00 at Royal Bank of Canada

Mullen Group (TSE:MTL) had its price objective reduced by research analysts at Royal Bank of Canada from C$17.00 to C$16.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 22.14% from the company’s current price.

MTL has been the topic of a number of other research reports. BMO Capital Markets reduced their price target on Mullen Group from C$16.00 to C$14.50 in a research report on Friday. CIBC reduced their price target on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday. Cormark increased their price target on Mullen Group from C$19.50 to C$20.00 in a research report on Friday, February 16th. Raymond James reduced their price target on Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research report on Friday. Finally, TD Securities increased their price target on Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$17.89.

Mullen Group Price Performance

MTL opened at C$13.10 on Friday. The stock’s 50-day moving average price is C$14.64 and its 200 day moving average price is C$14.20. Mullen Group has a 12-month low of C$12.82 and a 12-month high of C$16.43. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.81 and a beta of 1.79.

Mullen Group (TSE:MTL) last posted its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.02. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. The firm had revenue of C$498.60 million for the quarter, compared to analyst estimates of C$500.00 million. As a group, sell-side analysts expect that Mullen Group will post 1.3498623 earnings per share 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.