Mullen Group Ltd. (TSE:MTL) Given Average Recommendation of “Moderate Buy” by Brokerages

Mullen Group Ltd. (TSE:MTL) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$17.95.

Several research analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Mullen Group from C$16.00 to C$18.50 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. BMO Capital Markets raised their price objective on shares of Mullen Group from C$16.00 to C$18.00 in a report on Monday, December 8th. Raymond James Financial downgraded Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Desjardins lifted their target price 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. Finally, National Bank Financial raised their price target on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th.

Mullen Group Stock Performance

Shares of MTL stock opened at C$16.20 on Friday. The company has a debt-to-equity ratio of 111.51, a current ratio of 2.17 and a quick ratio of 1.06. The stock has a market cap of C$1.55 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84. The stock has a 50-day moving average of C$16.80 and a 200-day moving average of C$15.29. Mullen Group has a one year low of C$11.81 and a one year high of C$17.74.

Mullen Group (TSE:MTL) last issued 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 4.27% and a return on equity of 8.68%.

Mullen Group Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Mullen Group’s payout ratio is currently 84.00%.

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.