Shares of Mullen Group Ltd. (TSE:MTL – Get Free Report) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$17.89.
MTL has been the topic of several recent research reports. Raymond James reduced their price objective 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, April 26th. Cormark raised their price target on Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Acumen Capital decreased their price target on Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. CIBC decreased 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 note on Friday, April 26th. Finally, National Bankshares decreased their price target on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th.
Check Out Our Latest Analysis on MTL
Mullen Group Stock Up 1.8 %
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.02. Mullen Group had a return on equity of 13.19% and a net margin of 6.49%. The business had revenue of C$498.60 million for the quarter, compared to the consensus estimate of C$500.00 million. As a group, equities research analysts forecast that Mullen Group will post 1.2698892 earnings per share for the current fiscal year.
Mullen Group Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.06 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.61%. Mullen Group’s dividend payout ratio (DPR) is 52.55%.
Mullen Group Company Profile
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.
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