Mullen Group (TSE:MTL – Free Report) had its price target cut by Scotiabank from C$20.00 to C$19.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
MTL has been the topic of several other reports. Acumen Capital lowered their target price on Mullen Group from C$19.50 to C$19.00 and set a buy rating on the stock in a report on Friday, February 16th. CIBC upgraded Mullen Group from a neutral rating to an outperform rating and boosted their target price for the stock from C$16.50 to C$17.00 in a report on Friday, February 16th. Raymond James boosted their target price on Mullen Group from C$16.00 to C$17.00 and gave the stock a market perform rating in a report on Friday, February 16th. National Bankshares lowered 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. Finally, TD Securities boosted their target price on Mullen Group from C$21.00 to C$22.00 and gave the stock a buy rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$17.89.
Get Our Latest Analysis on Mullen Group
Mullen Group Price Performance
Mullen Group (TSE:MTL – Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, topping the consensus estimate of C$0.32 by C$0.02. The company had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. On average, analysts expect that Mullen Group will post 1.3498623 earnings per share for the current fiscal year.
Mullen Group Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Monday, April 29th. Mullen Group’s dividend payout ratio is presently 49.66%.
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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