Mullen Group’s (MTL) “Outperfrom Under Weight” Rating Reiterated at National Bank Financial

National Bank Financial reissued their outperfrom under weight rating on shares of Mullen Group (TSE:MTL – Get Rating) in a research note released on Monday, PriceTargets.com reports. National Bank Financial also issued estimates for Mullen Group’s FY2024 earnings at $1.32 EPS.

Other equities analysts have also recently issued reports about the stock. Cormark reduced their price objective on shares of Mullen Group from C$19.00 to C$17.00 in a research report on Tuesday, January 17th. National Bankshares set a C$18.50 target price on Mullen Group and gave the stock an outperform rating in a report on Tuesday. Raymond James dropped their target price on Mullen Group from C$18.00 to C$17.00 and set a strong-buy rating for the company in a report on Tuesday, January 17th. CIBC dropped their target price on Mullen Group from C$15.50 to C$14.00 and set a neutral rating for the company in a report on Wednesday, January 18th. Finally, Royal Bank of Canada lifted their target price on Mullen Group from C$13.00 to C$14.00 and gave the stock a sector perform rating in a report on Friday, February 10th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$16.45.

Mullen Group Trading Down 3.9 %

MTL stock opened at C$14.63 on Monday. The company has a debt-to-equity ratio of 73.17, a current ratio of 1.64 and a quick ratio of 1.06. The company has a fifty day moving average price of C$14.41 and a two-hundred day moving average price of C$14.54. Mullen Group has a one year low of C$10.83 and a one year high of C$15.98. The stock has a market cap of C$1.35 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.81 and a beta of 1.76.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Monday, February 27th. Mullen Group’s dividend payout ratio (DPR) is presently 43.37%.

About Mullen Group

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Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.