Mullen Group Ltd. (TSE:MTL – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$18.61.
MTL has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Mullen Group from C$15.00 to C$16.00 in a report on Friday, February 2nd. TD Securities lifted their target price on Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, February 16th. Acumen Capital reduced their target price on Mullen Group from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Friday, February 16th. Raymond James lifted their target price on Mullen Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, CIBC raised Mullen Group from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$16.50 to C$17.00 in a report on Friday, February 16th.
Read Our Latest Analysis on MTL
Mullen Group Price Performance
Mullen Group (TSE:MTL – Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.02. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. The firm had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. As a group, analysts forecast that Mullen Group will post 1.3498623 EPS for the current fiscal year.
Mullen Group Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a yield of 4.90%. Mullen Group’s payout ratio is 49.66%.
Mullen Group Company Profile
Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.
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