Mullen Group Ltd. (TSE:MTL) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Mullen Group has a “Moderate Buy” consensus rating from eight analysts, with five buys and three holds. The average 12-month price target is C$26.00, while several firms recently raised their targets as high as C$32.00.
• The company reported quarterly EPS of C$0.41 on revenue of C$609.30 million, with a 4.65% net margin and 9.35% return on equity.
• Mullen Group’s stock opened at C$25.07, compared with a 52-week range of C$13.53 to C$28.78. Insider Carson Paul Urlacher also bought 9,500 shares for approximately C$267,900, increasing his ownership by 11.8%.

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$26.00.

Several equities analysts recently weighed in on the stock. Desjardins increased their price target on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Scotiabank increased their target price on Mullen Group from C$24.00 to C$29.00 in a report on Friday, July 24th. National Bank Financial raised 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 note on Friday, July 24th. Canadian Imperial Bank of Commerce lifted their target price on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets upped their price target on Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th.

Mullen Group Stock Performance

MTL opened at C$25.07 on Friday. Mullen Group has a 52-week low of C$13.53 and a 52-week high of C$28.78. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 89.59. The company has a market cap of C$2.41 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The firm's 50-day moving average price is C$25.23 and its 200-day moving average price is C$21.39.

Mullen Group (TSE:MTL - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported C$0.41 EPS for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%. The firm had revenue of C$609.30 million during the quarter.

Insider Transactions at Mullen Group

In related news, insider Carson Paul Urlacher purchased 9,500 shares of the business'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 directly owned 90,000 shares in the company, valued at C$2,538,000. This trade represents a 11.80% increase in their ownership of the stock. Company insiders own 6.32% of the company's stock.

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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