Acumen Capital Boosts Mullen Group (TSE:MTL) Price Target to C$22.00

Mullen Group (TSE:MTL) had its target price upped by stock analysts at Acumen Capital from C$20.50 to C$22.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s price objective suggests a potential upside of 10.28% from the company’s current price.

MTL has been the subject of several other research reports. Desjardins increased their price objective on shares of Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce increased their price objective on shares of Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. National Bank Financial increased their price objective on shares of Mullen Group from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada increased their price objective on shares of Mullen Group from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, Scotiabank increased their price objective on shares of Mullen Group from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mullen Group presently has a consensus rating of “Moderate Buy” and an average price target of C$20.67.

Mullen Group Stock Up 2.6%

TSE MTL opened at C$19.95 on Friday. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07. The company has a market capitalization of C$1.91 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.81 and a beta of 0.76. Mullen Group has a one year low of C$12.86 and a one year high of C$20.19. The stock has a 50 day moving average price of C$17.29 and a 200-day moving average price of C$16.07.

Mullen Group (TSE:MTL) last posted its earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The firm had revenue of C$547.70 million during the quarter.

Key Headlines Impacting Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: National Bank Financial raised its price target to C$23.00 and gave an “outperform” rating — a meaningful upgrade implying ~15% upside from recent levels. BayStreet Article
• Positive Sentiment: Desjardins boosted its target to C$23.00 and set a “buy” rating, matching the highest new targets and reinforcing bullish analyst sentiment. BayStreet Article
• Positive Sentiment: Acumen Capital raised its target to C$22.00 and kept a “buy” rating, contributing to the cluster of buy-side re-ratings. BayStreet Article
• Positive Sentiment: Royal Bank of Canada lifted its target to C$21.00 and maintained an “outperform” call, adding institutional credibility to the upside case. BayStreet Article
• Neutral Sentiment: Scotiabank bumped its target to C$21.00 but kept a “sector perform” view — a modest endorsement that signals steady fundamentals rather than a strong upgrade. BayStreet Article
• Neutral Sentiment: CIBC raised its target to C$20.00 and kept a “neutral” rating, reflecting a small upside and a cautious stance despite the higher target. BayStreet Article TickerReport
• Negative Sentiment: Raymond James raised its target to C$18.00 but left a “market perform” rating; the new target sits below current levels, representing a near 10% downside and a more conservative view. BayStreet Article
• Neutral Sentiment: Mullen’s quarterly report (C$0.20 EPS, C$547.7M revenue) was published and followed by a conference call; the numbers are supportive but not transformational on their own. Press Release
• Neutral Sentiment: Media roundup highlighted Mullen as a small-cap to watch around earnings, increasing visibility but not necessarily changing fundamentals. Globe & Mail

Mullen Group Company Profile

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.