Mullen Group (TSE:MTL) Stock Rating Lowered by Raymond James Financial

Mullen Group (TSE:MTL) was downgraded by Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada raised their target price on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. BMO Capital Markets increased their price target on shares of Mullen Group from C$16.00 to C$18.00 in a research note on Monday. TD Securities lifted their price objective on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, National Bankshares lowered their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.30.

Mullen Group Stock Performance

MTL opened at C$15.35 on Monday. The business’s 50-day simple moving average is C$14.34 and its 200 day simple moving average is C$14.05. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$15.72. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market capitalization of C$1.34 billion, a PE ratio of 14.48, a PEG ratio of 1.81 and a beta of 0.67.

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

Mullen Group Company Profile

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.