Mullen Group Ltd (MTL) Receives Average Rating of “Buy” from Brokerages

Mullen Group Ltd (TSE:MTL) has earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$15.45.

A number of brokerages have weighed in on MTL. TD Securities increased their target price on shares of Mullen Group from C$12.50 to C$14.00 and gave the stock a “hold” rating in a research report on Thursday, February 7th. GMP Securities dropped their price target on shares of Mullen Group from C$13.50 to C$12.50 in a research note on Friday, February 8th. Canaccord Genuity raised their price objective on shares of Mullen Group from C$13.50 to C$13.75 in a report on Wednesday, March 20th. BMO Capital Markets reduced their price objective on shares of Mullen Group from C$16.00 to C$13.00 in a research note on Friday, February 8th. Finally, National Bank Financial lowered their target price on shares of Mullen Group from C$16.50 to C$16.00 and set an “outperform” rating on the stock in a report on Thursday, February 7th.

Shares of Mullen Group stock traded up C$0.05 during trading hours on Wednesday, hitting C$12.30. 29,365 shares of the company’s stock traded hands, compared to its average volume of 304,395. The company has a debt-to-equity ratio of 57.03, a current ratio of 1.94 and a quick ratio of 1.61. The firm has a market cap of $1.27 billion and a PE ratio of -29.17. Mullen Group has a 12-month low of C$11.26 and a 12-month high of C$16.93.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Wednesday, February 6th. The company reported C$0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.18 by C($0.02). The company had revenue of C$333.30 million for the quarter, compared to the consensus estimate of C$330.75 million. As a group, equities analysts anticipate that Mullen Group will post 0.720000081736236 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.88%. Mullen Group’s payout ratio is currently -130.95%.

Mullen Group Company Profile

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.

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Analyst Recommendations for Mullen Group (TSE:MTL)

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