Mullen Group Ltd. (TSE:MTL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$17.95.

Several analysts recently issued reports on MTL shares. Canadian Imperial Bank of Commerce raised their target price on Mullen Group from C$15.00 to C$17.00 in a research note on Thursday, January 8th. BMO Capital Markets raised their price target on Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. Scotiabank boosted their price objective on shares of Mullen Group from C$16.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. Raymond James Financial cut shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Finally, National Bank Financial boosted their price target on shares of Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th.

Mullen Group Stock Performance

TSE:MTL opened at C$16.07 on Friday. The company has a debt-to-equity ratio of 111.51, a quick ratio of 1.06 and a current ratio of 2.17. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$17.74. The business has a 50 day moving average price of C$16.81 and a 200-day moving average price of C$15.37. The firm has a market cap of C$1.54 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share for the quarter. Mullen Group had a net margin of 4.27% and a return on equity of 8.68%. The business had revenue of C$533.88 million during the quarter.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Mullen Group’s dividend payout ratio is 84.00%.

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.