Mullen Group (TSE:MTL – Free Report) had its price objective decreased by Scotiabank from C$20.00 to C$19.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
MTL has been the topic of several other reports. TD Securities lifted their price objective on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a buy rating in a report on Friday, February 16th. Raymond James lifted their price objective on shares of 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. Acumen Capital cut their price objective on shares of Mullen Group from C$19.50 to C$19.00 and set a buy rating on the stock in a report on Friday, February 16th. Cormark lifted their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a report on Friday, February 16th. Finally, Royal Bank of Canada raised shares of Mullen Group from a sector perform rating to an outperform rating and lifted their price objective for the company from C$15.00 to C$17.00 in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$17.89.
View Our Latest Stock Report on Mullen Group
Mullen Group Stock Performance
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings data 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. The company had revenue of C$498.60 million for the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. As a group, equities analysts predict that Mullen Group will post 1.3498623 EPS for the current year.
Mullen Group Dividend Announcement
The company 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 $0.06 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.72 annualized dividend and a yield of 5.50%. Mullen Group’s dividend payout ratio (DPR) is 49.66%.
About Mullen Group
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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