Mullen Group (TSE:MTL) PT Lowered to C$16.00 at CIBC

Mullen Group (TSE:MTLFree Report) had its price objective cut by CIBC from C$17.00 to C$16.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Royal Bank of Canada raised shares of Mullen Group from a sector perform rating to an outperform rating and boosted their target price for the stock from C$15.00 to C$17.00 in a research report on Monday, January 22nd. BMO Capital Markets reduced their target price on shares of Mullen Group from C$16.00 to C$14.50 in a research report on Friday. Acumen Capital dropped their price target on shares of Mullen Group from C$19.50 to C$19.00 and set a buy rating for the company in a research note on Friday, February 16th. TD Securities lifted their price target on shares of Mullen Group from C$21.00 to C$22.00 and gave the stock a buy rating in a research note on Friday, February 16th. Finally, Cormark lifted their price target on shares of Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Mullen Group has an average rating of Moderate Buy and a consensus price target of C$17.89.

Read Our Latest Research Report on MTL

Mullen Group Trading Down 0.2 %

TSE MTL opened at C$13.10 on Friday. The company’s fifty day simple moving average is C$14.64 and its 200-day simple moving average is C$14.20. Mullen Group has a 52 week low of C$12.82 and a 52 week high of C$16.43. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38. The stock has a market cap of C$1.15 billion, a P/E ratio of 9.03, a PEG ratio of 1.81 and a beta of 1.79.

Mullen Group (TSE:MTLGet Free Report) last posted its earnings results on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.02. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. The business had revenue of C$498.60 million for the quarter, compared to analysts’ expectations of C$500.00 million. Equities research analysts predict that Mullen Group will post 1.3498623 EPS for the current fiscal year.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.72 annualized dividend and a yield of 5.50%. Mullen Group’s payout ratio is 49.66%.

Mullen Group Company Profile

(Get Free Report)

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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