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

Mullen Group Ltd. (TSE:MTL) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$17.89.

MTL has been the topic of a number of research analyst reports. Scotiabank reduced their target price on Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada reduced their target price on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. CIBC reduced their target price on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. BMO Capital Markets reduced their target price on Mullen Group from C$16.00 to C$14.50 in a report on Friday, April 26th. Finally, National Bankshares reduced their target price on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a report on Friday, April 26th.

Insider Transactions at Mullen Group

In other Mullen Group news, Senior Officer Carson Paul Urlacher bought 25,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of C$12.90 per share, with a total value of C$322,500.00. Corporate insiders own 6.30% of the company’s stock.

Mullen Group Price Performance

MTL stock opened at C$13.01 on Wednesday. Mullen Group has a 52-week low of C$12.47 and a 52-week high of C$16.20. The stock’s fifty day simple moving average is C$12.93 and its 200-day simple moving average is C$14.03. The company has a quick ratio of 1.06, a current ratio of 0.78 and a debt-to-equity ratio of 80.16. The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.81.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.25 earnings per share (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 business had revenue of C$462.60 million for the quarter, compared to analyst estimates of C$501.00 million. Equities research analysts expect that Mullen Group will post 1.2780488 EPS for the current year.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, June 28th. Mullen Group’s payout ratio is 52.55%.

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.