Mullen Group (TSE:MTL) Price Target Raised to C$18.00 at Raymond James Financial

Mullen Group (TSE:MTL) had its price target upped by Raymond James Financial from C$17.00 to C$18.00 in a research report report published on Friday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Mullen Group from C$18.00 to C$20.00 and gave the stock a “neutral” rating in a report on Friday. Desjardins boosted their price objective on Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday. Scotiabank upped their price objective on Mullen Group from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Friday. Acumen Capital increased their target price on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on Mullen Group from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and an average target price of C$20.67.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$19.95 on Friday. The company has a market capitalization of C$1.91 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.81 and a beta of 0.76. Mullen Group has a 1-year low of C$12.86 and a 1-year high of C$20.19. The firm’s 50 day simple moving average is C$17.29 and its two-hundred day simple moving average is C$16.05. The company has a debt-to-equity ratio of 91.65, a current ratio of 2.07 and a quick ratio of 1.06.

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. The firm had revenue of C$547.70 million during the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a $0.07 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, February 27th. Mullen Group’s payout ratio is currently 84.00%.

Mullen Group News Summary

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: National Bank Financial raised its price target to C$23.00 and gave an “outperform” rating — a meaningful upgrade implying ~15% upside from recent levels. BayStreet Article
• Positive Sentiment: Desjardins boosted its target to C$23.00 and set a “buy” rating, matching the highest new targets and reinforcing bullish analyst sentiment. BayStreet Article
• Positive Sentiment: Acumen Capital raised its target to C$22.00 and kept a “buy” rating, contributing to the cluster of buy-side re-ratings. BayStreet Article
• Positive Sentiment: Royal Bank of Canada lifted its target to C$21.00 and maintained an “outperform” call, adding institutional credibility to the upside case. BayStreet Article
• Neutral Sentiment: Scotiabank bumped its target to C$21.00 but kept a “sector perform” view — a modest endorsement that signals steady fundamentals rather than a strong upgrade. BayStreet Article
• Neutral Sentiment: CIBC raised its target to C$20.00 and kept a “neutral” rating, reflecting a small upside and a cautious stance despite the higher target. BayStreet Article TickerReport
• Negative Sentiment: Raymond James raised its target to C$18.00 but left a “market perform” rating; the new target sits below current levels, representing a near 10% downside and a more conservative view. BayStreet Article
• Neutral Sentiment: Mullen’s quarterly report (C$0.20 EPS, C$547.7M revenue) was published and followed by a conference call; the numbers are supportive but not transformational on their own. Press Release
• Neutral Sentiment: Media roundup highlighted Mullen as a small-cap to watch around earnings, increasing visibility but not necessarily changing fundamentals. Globe & Mail

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.