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

Mullen Group Ltd. (TSE:MTL) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$18.22.

Several research firms recently issued reports on MTL. TD Securities dropped their price target on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Royal Bank of Canada raised their target price on shares of Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th. Raymond James upped their price target on shares of Mullen Group from C$16.50 to C$17.00 in a research report on Friday, July 26th. BMO Capital Markets raised Mullen Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$14.50 to C$17.00 in a report on Friday, July 26th. Finally, Cormark boosted their price target on shares of Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th.

Mullen Group Price Performance

MTL stock opened at C$14.24 on Friday. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. The firm has a market cap of C$1.25 billion, a P/E ratio of 10.63, a PEG ratio of 1.81 and a beta of 1.83. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$15.71. The stock’s 50 day moving average price is C$14.33 and its 200 day moving average price is C$13.78.

Mullen Group (TSE:MTL) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%. The firm had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million. On average, sell-side analysts expect that Mullen Group will post 1.321161 earnings per share for the current fiscal year.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Monday, September 30th. Mullen Group’s dividend payout ratio (DPR) is presently 62.69%.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.