Mullen Group Ltd. (TSE:MTL) Receives Consensus “Buy” Recommendation From Brokerages
Mullen Group Ltd. (TSE:MTL – Get Rating) received an average recommendation of “Buy” from the nine brokerages that currently cover the stock, Marketbeat.com reports. One investment analyst gave the stock a hold rating and six gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is C$16.11.
MTL has been the subject of a number of recent analyst reports. Royal Bank of Canada raised its price target on Mullen Group from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a Friday, April 22 research note. CIBC raised its target price on Mullen Group from C$13.50 to C$14.00 and gave the stock a “neutral” rating in a Friday, April 22 research report. Scotiabank raised its target price on Mullen Group from C$15.50 to C$16.00 in a Friday, April 22 research report. TD Securities assumed coverage of the Mullen Group in a research report on Friday, April 22. They issued a “buy” rating and target price of C$16.50 for the stock. Finally, Cormark raised its price target on Mullen Group from C$17.00 to C$18.00 and gave the stock a “buy” rating in a Friday, April 22 research report.
Mullen Group shares opened at C$12.64 on Tuesday. Mullen Group has a fifty-two week low of C$11.00 and a fifty-two week high of C$14.48. The company has a market capitalization of C$1.17 billion and a PE ratio of 15.98. The company’s fifty-day moving average is C$12.69 and its two-hundred-day moving average is C$12.23. The company has a quick ratio of 0.99, a current ratio of 1.19 and a leverage ratio of 88.06.
Mullen Group (TSE:MTL – Get Rating) last released its quarterly results on Wednesday, April 20. The company reported earnings per share of C$0.21 for the quarter, beating analyst consensus estimates of C$0.15 by C$0.06. The company posted revenue of C$456.90 million for the quarter, compared to C$396.80 million expected by analysts. Equity research analysts expect Mullen Group to post EPS of 1.0399999 for the current year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, June 15. Investors of record on Tuesday, May 31 will receive a dividend of $0.06. This is an increase from Mullen Group’s previous monthly dividend of $0.05. This represents an annualized dividend of $0.72 and a yield of 5.70%. The ex-dividend date is Monday, May 30. The Mullen Group’s dividend payout ratio is currently 64.48%.
Mullen Group Company Profile (Get an evaluation)
Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates through four segments: LTL, Logistics & Warehousing, Specialty & Industrial Services, and US & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of small shipments, parcels and parcels; and pharmaceuticals and packaging.
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