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

Mullen Group Ltd. (TSE:MTL) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$20.67.

Several analysts have recently issued reports on the stock. Desjardins boosted their price objective on shares of Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada boosted their price objective on shares of Mullen Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Acumen Capital boosted their price objective on shares of Mullen Group from C$20.50 to C$22.00 and gave the company a “buy” rating in a research note on Friday, April 24th. National Bank Financial boosted their price objective on shares of Mullen Group from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Raymond James Financial boosted their price objective on shares of Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a research note on Friday, April 24th.

Insiders Place Their Bets

In related news, Director Stephen H. Lockwood sold 3,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the completion of the sale, the director directly owned 7,562 shares of the company’s stock, valued at approximately C$162,583. This represents a 31.64% decrease in their position. Company insiders own 6.32% of the company’s stock.

Mullen Group Price Performance

MTL stock opened at C$21.80 on Wednesday. Mullen Group has a one year low of C$12.98 and a one year high of C$22.37. The company has a 50 day moving average price of C$19.30 and a two-hundred day moving average price of C$17.23. The stock has a market capitalization of C$2.09 billion, a P/E ratio of 21.37, a PEG ratio of 1.81 and a beta of 0.84. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07.

Mullen Group (TSE:MTL) last announced its quarterly earnings data on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The company had revenue of C$547.70 million during the quarter.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, April 30th. Mullen Group’s dividend payout ratio is 82.35%.

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.