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 seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$17.83.

A number of research firms have recently issued reports on MTL. CIBC dropped their price target on Mullen Group from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Wednesday, July 3rd. Raymond James dropped their target price on Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research report on Friday, April 26th. National Bankshares cut their price target on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Scotiabank dropped their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Friday, April 26th.

Insiders Place Their Bets

In other news, Senior Officer Carson Paul Urlacher purchased 25,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was acquired at an average cost of C$12.90 per share, for a total transaction of C$322,500.00. 6.30% of the stock is owned by company insiders.

Mullen Group Stock Performance

Shares of MTL stock opened at C$14.50 on Friday. The company has a quick ratio of 1.06, a current ratio of 0.78 and a debt-to-equity ratio of 80.16. The company has a 50 day moving average price of C$13.06 and a 200-day moving average price of C$13.95. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.02. The firm has a market capitalization of C$1.28 billion, a PE ratio of 10.58, a P/E/G ratio of 1.81 and a beta of 1.81.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, April 25th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.05). The company had revenue of C$462.60 million during the quarter, compared to analysts’ expectations of C$501.00 million. Mullen Group had a return on equity of 13.19% and a net margin of 6.49%. As a group, equities research analysts expect that Mullen Group will post 1.2780488 earnings per share for the current year.

Mullen Group Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.97%. Mullen Group’s dividend payout ratio (DPR) is presently 52.55%.

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.