Mullen Group (TSE:MTL) Given New C$35.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Mullen Group’s price target to C$35 from C$32 and maintained an “outperform” rating, implying 18.16% upside from the prior close.
• Several other analysts also increased their targets, with consensus standing at C$30.22 and an overall “Moderate Buy” rating based on four Buy and four Hold recommendations.
• Mullen Group reported quarterly earnings of C$0.52 per share on C$653.17 million in revenue, while stronger transportation operations and productivity gains supported record profitability.

Mullen Group (TSE:MTL - Get Free Report) had its target price increased by investment analysts at Royal Bank Of Canada from C$32.00 to C$35.00 in a research report issued on Friday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 18.16% from the stock's previous close.

Several other analysts have also issued reports on MTL. Raymond James Financial lifted their target price on shares of Mullen Group from C$25.00 to C$31.00 and gave the company a "market perform" rating in a research report on Friday. National Bank Financial upped their price target on shares of Mullen Group from C$23.00 to C$31.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Scotia raised their price target on shares of Mullen Group from C$30.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Friday. Desjardins raised their price target on shares of Mullen Group from C$30.00 to C$31.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their price objective on Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$30.22.

Mullen Group Price Performance

TSE MTL traded down C$2.66 on Friday, hitting C$29.62. The company had a trading volume of 442,379 shares, compared to its average volume of 304,232. The company has a market capitalization of C$2.84 billion, a PE ratio of 26.68, a PEG ratio of 1.81 and a beta of 0.83. The company's fifty day moving average price is C$26.44 and its 200-day moving average price is C$23.83. The company has a debt-to-equity ratio of 89.59, a current ratio of 2.17 and a quick ratio of 1.06. Mullen Group has a 12-month low of C$13.92 and a 12-month high of C$32.47.

Mullen Group (TSE:MTL - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported C$0.52 earnings per share for the quarter. The company had revenue of C$653.17 million during the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

Insiders Place Their Bets

In other news, insider Carson Paul Urlacher acquired 9,500 shares of the firm's stock in a transaction on Monday, July 27th. The shares were bought at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the acquisition, the insider owned 90,000 shares of the company's stock, valued at approximately C$2,538,000. This trade represents a 11.80% increase in their position. Insiders own 6.32% of the company's stock.

Trending Headlines about Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: Mullen Group reported third-quarter profit of approximately C$51.5 million, or C$0.52 per share, while revenue rose 16% to C$653.17 million. The results reflect stronger operating performance across its transportation businesses. Trucking firm Mullen Group reports Q3 profit and revenue growth
• Positive Sentiment: Tighter freight capacity and productivity gains helped lift earnings to record levels, providing evidence that Mullen’s operating initiatives are improving profitability. Mullen posts record results as capacity and productivity improve earnings
• Positive Sentiment: An analyst upgrade recently helped Mullen Group reach a new 12-month high, indicating continued confidence in the company’s earnings momentum and outlook. Mullen Group reaches 12-month high after analyst upgrade
• Neutral Sentiment: Management outlined a 25% EBITDA-margin threshold for approving new capital investments as it prepares for a project ramp in 2027. The discipline could protect returns, but may also limit near-term expansion spending. Mullen outlines EBITDA threshold for new capital
• Negative Sentiment: The market’s “earnings reality check” suggests investors may have expected more from the quarter, particularly with the stock trading near its annual high. Strong reported results therefore have not fully overcome valuation and expectation concerns. Mullen Group faces a Q3 earnings reality check

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.

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