Shares of Mullen Group Ltd. (TSE:MTL – Get Free Report) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$17.89.
MTL has been the topic of several research analyst reports. Raymond James decreased their price objective on shares of 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. CIBC decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. National Bankshares decreased their price objective on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, BMO Capital Markets reduced their price target on shares of Mullen Group from C$16.00 to C$14.50 in a research report on Friday, April 26th.
Mullen Group Trading Down 1.0 %
Mullen Group (TSE:MTL – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.05). Mullen Group had a return on equity of 13.19% and a net margin of 6.49%. The firm had revenue of C$462.60 million during the quarter, compared to analysts’ expectations of C$501.00 million. On average, equities analysts expect that Mullen Group will post 1.2780488 earnings per share for the current fiscal year.
Mullen Group Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, June 28th. Mullen Group’s dividend payout ratio is 52.55%.
Insider Transactions at Mullen Group
In other Mullen Group news, Senior Officer Carson Paul Urlacher purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of C$12.90 per share, with a total value of C$322,500.00. Company insiders own 6.30% of the company’s stock.
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.
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