Brokers Offer Predictions for Mullen Group FY2029 Earnings

Mullen Group Ltd. (TSE:MTL - Free Report) - Stock analysts at Raymond James Financial issued their FY2029 earnings per share (EPS) estimates for shares of Mullen Group in a note issued to investors on Wednesday, October 22nd. Raymond James Financial analyst M. Barth anticipates that the company will post earnings per share of $1.45 for the year. Raymond James Financial has a "Outperform" rating and a $16.75 price objective on the stock.

MTL has been the subject of a number of other reports. Cibc World Mkts downgraded Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. National Bankshares dropped their target price on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating on the stock in a research report on Thursday. TD Securities increased their price objective on shares of Mullen Group from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research report on Thursday. Scotiabank cut shares of Mullen Group from a "strong-buy" rating to a "hold" rating and cut their price objective for the stock from C$16.50 to C$16.00 in a research report on Thursday, July 10th. Finally, Acumen Capital cut their price objective on shares of Mullen Group from C$18.25 to C$17.25 and set a "buy" rating on the stock in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Mullen Group has a consensus rating of "Moderate Buy" and a consensus target price of C$17.50.

Mullen Group Trading Up 0.9%

Shares of MTL stock opened at C$14.35 on Friday. The company has a market cap of C$1.25 billion, a P/E ratio of 12.93, a PEG ratio of 1.81 and a beta of 0.69. The stock has a 50 day simple moving average of C$13.94 and a two-hundred day simple moving average of C$13.75. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06.

Mullen Group Dividend Announcement

The firm also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.07 dividend. Mullen Group's dividend payout ratio is presently 74.77%.

About Mullen Group

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.

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