Mullen Group (TSE:MTL) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised Mullen Group’s price target to C$36 from C$31 and maintained an “outperform” rating, implying 21.54% upside from the prior close.
• Analyst sentiment remains positive overall, with four Buy and four Hold ratings producing a “Moderate Buy” consensus and an average target of C$30.22.
• Mullen Group reported quarterly EPS of C$0.52 on revenue of C$653.17 million, while shares fell 8.2% to C$29.62 during Friday trading.

Mullen Group (TSE:MTL - Get Free Report) had its price target lifted by National Bank Financial from C$31.00 to C$36.00 in a research note issued to investors on Friday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 21.54% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. Raymond James Financial lifted their target price on shares of Mullen Group from C$25.00 to C$31.00 and gave the stock a "market perform" rating in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Mullen Group from C$32.00 to C$35.00 and gave the company an "outperform" rating in a research report on Friday. Scotia raised their price objective on Mullen Group from C$30.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Friday. BMO Capital Markets raised their price objective on Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th. Finally, Scotiabank lifted their price objective on Mullen Group from C$29.00 to C$30.00 and gave the stock a "sector perform" rating in a report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$30.22.

Mullen Group Trading Down 8.2%

Shares of MTL traded down C$2.66 during mid-day trading on Friday, reaching C$29.62. The company's stock had a trading volume of 442,379 shares, compared to its average volume of 304,232. The stock has a market cap of C$2.84 billion, a PE ratio of 26.68, a P/E/G ratio of 1.81 and a beta of 0.83. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59. Mullen Group has a 52 week low of C$13.92 and a 52 week high of C$32.47. The company's fifty day moving average price is C$26.44 and its two-hundred day moving average price is C$23.83.

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

Insider Activity

In other news, insider Carson Paul Urlacher bought 9,500 shares of the business's stock in a transaction dated Monday, July 27th. The shares were purchased at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the completion of 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 ownership of the stock. Corporate 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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