Mullen Group Ltd. (TSE:MTL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$17.95.

A number of brokerages have recently commented on MTL. Royal Bank Of Canada lifted their price objective on 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. Raymond James Financial cut Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. National Bank Financial upped their price objective on shares of Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Scotiabank increased their price objective on shares of Mullen Group from C$16.00 to C$18.50 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. Finally, TD Securities boosted their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, October 23rd.

Mullen Group Price Performance

TSE:MTL opened at C$16.89 on Monday. The firm has a market cap of C$1.62 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$17.74. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The company’s 50-day moving average is C$16.34 and its two-hundred day moving average is C$14.84.

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

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.