National Bankshares Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its target price hoisted by National Bankshares from C$16.50 to C$19.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on MTL. CIBC increased their price target on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. TD Securities raised their target price on Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Desjardins lifted their price target on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Royal Bank Of Canada upped their price objective on Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Raymond James Financial cut shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.70.

Mullen Group Stock Performance

MTL opened at C$16.50 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.95. The firm has a 50 day moving average of C$15.51 and a two-hundred day moving average of C$14.47. The firm has a market capitalization of C$1.44 billion, a PE ratio of 15.57, a P/E/G ratio of 1.81 and a beta of 0.66.

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

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.