Mullen Group (TSE:MTL) Reaches New 12-Month High – Time to Buy?

Mullen Group Ltd. (TSE:MTL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$17.51 and last traded at C$17.48, with a volume of 241710 shares changing hands. The stock had previously closed at C$17.44.

Wall Street Analyst Weigh In

MTL has been the subject of several recent analyst reports. TD Securities boosted their price objective on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Canadian Imperial Bank of Commerce lifted their price target on shares of Mullen Group from C$15.00 to C$17.00 in a report on Thursday, January 8th. Scotiabank increased their price objective on Mullen Group from C$16.00 to C$18.50 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. National Bank Financial boosted their target price on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada upped their target price on Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Mullen Group has an average rating of “Moderate Buy” and a consensus target price of C$17.95.

Mullen Group Stock Down 8.9%

The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The business’s fifty day moving average price is C$16.29 and its two-hundred day moving average price is C$14.78. The stock has a market capitalization of C$1.40 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78.

Mullen Group (TSE:MTL) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 EPS for the quarter. The company had revenue of C$533.88 million during the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.