Mullen Group (TSE:MTL – Get Free Report) had its target price lifted by research analysts at TD Securities from C$21.00 to C$22.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 47.85% from the stock’s current price.
Other analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on Mullen Group from C$16.00 to C$17.00 in a research report on Friday. BMO Capital Markets raised Mullen Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$14.50 to C$17.00 in a research report on Friday. Raymond James boosted their target price on Mullen Group from C$16.50 to C$17.00 in a research report on Friday. National Bankshares decreased their target price on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, CIBC boosted their target price on Mullen Group from C$15.50 to C$16.50 in a research report on Friday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Mullen Group currently has a consensus rating of “Moderate Buy” and an average target price of C$18.33.
Check Out Our Latest Stock Report on Mullen Group
Mullen Group Price Performance
Mullen Group (TSE:MTL – Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported C$0.25 EPS for the quarter, missing the consensus estimate 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 company had revenue of C$462.60 million for the quarter, compared to analyst estimates of C$501.00 million. As a group, equities research analysts forecast that Mullen Group will post 1.2780488 EPS for the current fiscal year.
Insider Activity at Mullen Group
In other news, Senior Officer Carson Paul Urlacher acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price 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.
About Mullen Group
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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