Scotiabank Has Weak Outlook for Mullen Group FY2027 Earnings

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Scotiabank dropped their FY2027 earnings per share estimates for Mullen Group in a research report issued to clients and investors on Thursday, February 19th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.18 per share for the year, down from their prior estimate of $1.19. Scotiabank has a “Sector Perform” rating and a $18.50 price target on the stock.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.15 earnings per share (EPS) for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.The business had revenue of C$533.88 million for the quarter.

Other analysts have also recently issued reports about the stock. National Bank Financial upped their target price on shares of Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Raymond James Financial cut Mullen Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. BMO Capital Markets upped their price objective on Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Desjardins raised their price objective on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and an average target price of C$17.95.

Mullen Group Price Performance

MTL stock opened at C$17.38 on Monday. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$17.74. The firm has a market capitalization of C$1.67 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. The company has a fifty day simple moving average of C$16.50 and a two-hundred day simple moving average of C$14.98. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

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.