Mullen Group (TSE:MTL – Free Report) had its price objective raised by CIBC from C$15.50 to C$16.50 in a research note issued to investors on Friday, BayStreet.CA reports.
MTL has been the topic of a number of other research reports. National Bankshares dropped their price target on Mullen Group from C$19.50 to C$18.00 and set an outperform rating on the stock in a research note on Friday, April 26th. BMO Capital Markets upgraded Mullen Group from a market perform rating to an outperform rating and boosted their price target for the stock from C$14.50 to C$17.00 in a research note on Friday. Scotiabank dropped their price target on Mullen Group from C$20.00 to C$19.00 and set an outperform rating on the stock in a research note on Friday, April 26th. Royal Bank of Canada boosted their price target on Mullen Group from C$16.00 to C$17.00 in a research note on Friday. Finally, Raymond James boosted their price target on Mullen Group from C$16.50 to C$17.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Mullen Group has a consensus rating of Moderate Buy and an average price target of C$18.33.
View Our Latest Analysis on Mullen Group
Mullen Group Stock 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 analysts’ consensus estimates of C$0.30 by C($0.05). The firm had revenue of C$462.60 million during the quarter, compared to the consensus estimate of C$501.00 million. Mullen Group had a return on equity of 13.19% and a net margin of 6.49%. Research analysts expect that Mullen Group will post 1.2780488 EPS for the current fiscal year.
Mullen Group Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.72 dividend on an annualized basis and a yield of 4.90%. Mullen Group’s dividend payout ratio is currently 52.55%.
Insider Activity at Mullen Group
In other news, Senior Officer Carson Paul Urlacher bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased 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 insiders.
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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