Mullen Group (TSE:MTL – Get Free Report) had its price objective decreased by research analysts at Royal Bank of Canada from C$17.00 to C$16.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 21.12% from the stock’s current price.
MTL has been the topic of a number of other research reports. TD Securities raised their price target on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, February 16th. Acumen Capital lowered their price objective on shares of Mullen Group from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Cormark increased their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Raymond James lowered 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 note on Friday. Finally, BMO Capital Markets lowered their price objective on shares of Mullen Group from C$16.00 to C$14.50 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$17.89.
View Our Latest Report on Mullen Group
Mullen Group Stock Up 0.7 %
Mullen Group (TSE:MTL – Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.02. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. The company had revenue of C$498.60 million for the quarter, compared to the consensus estimate of C$500.00 million. On average, sell-side analysts anticipate that Mullen Group will post 1.3498623 EPS for the current year.
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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