Mullen Group (TSE:MTL) Stock Price Expected to Rise, National Bank Financial Analyst Says

Mullen Group (TSE:MTL) had its price objective raised by investment analysts at National Bank Financial from C$31.00 to C$36.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price target points to a potential upside of 21.54% from the company’s previous close.

MTL has been the topic of a number of other reports. Scotia lifted their price objective on Mullen Group from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Friday. Royal Bank Of Canada boosted their target price on Mullen Group from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank upped their target price on Mullen Group from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Thursday, October 15th. Raymond James Financial raised their price target on Mullen Group from C$25.00 to C$31.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce raised their price target on Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$30.22.

Mullen Group Trading Down 8.2%

Shares of TSE MTL traded down C$2.66 during trading hours on Friday, hitting C$29.62. The company’s stock had a trading volume of 442,379 shares, compared to its average volume of 304,232. Mullen Group has a 12 month low of C$13.92 and a 12 month high of C$32.47. The stock has a market cap of C$2.84 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 89.59, a quick ratio of 1.06 and a current ratio of 2.17. The business has a 50-day simple moving average of C$26.44 and a 200-day simple moving average of C$23.83.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, October 22nd. The company reported C$0.52 EPS for the quarter. The business had revenue of C$653.17 million during the quarter. Mullen Group had a return on equity of 9.35% and a net margin of 4.65%.

Insider Activity

In related news, insider Carson Paul Urlacher purchased 9,500 shares of Mullen Group stock in a transaction that occurred on Monday, July 27th. The shares were bought at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the completion of the transaction, the insider directly owned 90,000 shares of the company’s stock, valued at C$2,538,000. This represents a 11.80% increase in their ownership of the stock. 6.32% of the stock is owned by corporate insiders.

More Mullen Group News

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

• Positive Sentiment: Mullen Group reported third-quarter profit of approximately C$51.5 million, or C$0.52 per share, while revenue rose 16% to C$653.17 million. The results reflect stronger operating performance across its transportation businesses. Trucking firm Mullen Group reports Q3 profit and revenue growth
• Positive Sentiment: Tighter freight capacity and productivity gains helped lift earnings to record levels, providing evidence that Mullen’s operating initiatives are improving profitability. Mullen posts record results as capacity and productivity improve earnings
• Positive Sentiment: An analyst upgrade recently helped Mullen Group reach a new 12-month high, indicating continued confidence in the company’s earnings momentum and outlook. Mullen Group reaches 12-month high after analyst upgrade
• Neutral Sentiment: Management outlined a 25% EBITDA-margin threshold for approving new capital investments as it prepares for a project ramp in 2027. The discipline could protect returns, but may also limit near-term expansion spending. Mullen outlines EBITDA threshold for new capital
• Negative Sentiment: The market’s “earnings reality check” suggests investors may have expected more from the quarter, particularly with the stock trading near its annual high. Strong reported results therefore have not fully overcome valuation and expectation concerns. Mullen Group faces a Q3 earnings reality check

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.