Mullen Group (TSE:MTL – Free Report) had its price objective lifted by BMO Capital Markets from C$17.00 to C$20.00 in a report issued on Friday, BayStreet.CA reports.
Several other research analysts have also commented on the stock. Raymond James upped their price objective on shares of Mullen Group from C$17.25 to C$18.75 in a report on Friday. Cormark raised their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. CIBC lifted their price objective on Mullen Group from C$16.50 to C$17.50 in a research report on Friday. TD Securities decreased their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their price target on Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$18.86.
View Our Latest Stock Report on MTL
Mullen Group Stock Performance
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.37 earnings per share 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.
Mullen Group Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Thursday, October 31st. Mullen Group’s dividend payout ratio is presently 62.69%.
About Mullen Group
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.
Recommended Stories
- Five stocks we like better than Mullen Group
- Investing in Construction Stocks
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- What Are the FAANG Stocks and Are They Good Investments?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Trading Stocks: RSI and Why it’s Useful
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.