National Bankshares Cuts Mullen Group (TSE:MTL) Price Target to C$18.00

Mullen Group (TSE:MTL) had its target price reduced by National Bankshares from C$19.50 to C$18.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on MTL. Royal Bank of Canada upgraded Mullen Group from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$15.00 to C$17.00 in a research report on Monday, January 22nd. TD Securities raised their target price on Mullen Group from C$21.00 to C$22.00 and gave the stock a buy rating in a research report on Friday, February 16th. Raymond James increased their price target on Mullen Group from C$16.00 to C$17.00 and gave the company a market perform rating in a research note on Friday, February 16th. BMO Capital Markets cut their price objective on Mullen Group from C$16.00 to C$14.50 in a research note on Friday. Finally, CIBC upgraded shares of Mullen Group from a neutral rating to an outperform rating and raised their price target for the stock from C$16.50 to C$17.00 in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Mullen Group presently has an average rating of Moderate Buy and a consensus price target of C$17.89.

Mullen Group Trading Down 0.2 %

MTL opened at C$13.10 on Friday. The company has a market cap of C$1.15 billion, a P/E ratio of 9.03, a PEG ratio of 1.81 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38. The company’s 50 day moving average is C$14.68 and its 200-day moving average is C$14.20. Mullen Group has a 1-year low of C$12.82 and a 1-year high of C$16.43.

Mullen Group (TSE:MTL) last issued its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.02. The firm had revenue of C$498.60 million for the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. Equities research analysts predict that Mullen Group will post 1.3498623 earnings per share for the current fiscal year.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, April 29th. Mullen Group’s payout ratio is presently 49.66%.

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.