BMO Capital Markets Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price objective lifted by BMO Capital Markets from C$16.00 to C$18.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other brokerages also recently commented on MTL. Royal Bank Of Canada raised their price objective on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. TD Securities increased their price target on Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, National Bankshares lowered their price objective on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$17.30.

Mullen Group Price Performance

MTL stock opened at C$15.28 on Monday. The business’s 50-day moving average price is C$14.31 and its 200-day moving average price is C$14.04. The stock has a market cap of C$1.33 billion, a P/E ratio of 14.42, a PEG ratio of 1.81 and a beta of 0.67. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$16.06.

Mullen Group (TSE:MTL) last released its earnings results on Wednesday, October 22nd. The company reported C$0.36 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The company had revenue of C$561.72 million during the quarter.

Mullen Group Announces Dividend

The business also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.07 dividend. Mullen Group’s dividend payout ratio is currently 79.25%.

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.