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

Key Points

• Analysts give Mullen Group a consensus rating of Moderate Buy from eight brokerages (five Buy, three Hold) with an average 1-year price target of C$17.95.
• The company pays a monthly dividend of C$0.07 (annualized yield ~4.8%), although its dividend payout ratio is high at 84%.
• Latest quarter showed EPS of C$0.15 and revenue of C$533.9M; Mullen has a market cap of C$1.66B, a P/E of 17.37 and a relatively high debt-to-equity ratio of 111.51.

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$17.95.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Scotiabank raised their target price on Mullen Group from C$16.00 to C$18.50 and gave the stock a "sector perform" rating in a research report on Wednesday, January 21st. Raymond James Financial lowered Mullen Group from a "moderate buy" rating to a "hold" rating in a research report on Monday, December 8th. Desjardins raised their target price on Mullen Group from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research report on Friday, December 12th. Finally, Canadian Imperial Bank of Commerce raised their target price on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th.

Mullen Group Price Performance

MTL stock opened at C$17.37 on Tuesday. The company has a debt-to-equity ratio of 111.51, a current ratio of 2.17 and a quick ratio of 1.06. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.81 and a beta of 0.76. The business's 50-day moving average is C$16.89 and its two-hundred day moving average is C$15.66. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$17.74.

Mullen Group (TSE:MTL - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share (EPS) for the quarter. Mullen Group had a return on equity of 8.68% and a net margin of 4.27%.The company had revenue of C$533.88 million for the quarter.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, February 27th. Mullen Group's dividend payout ratio (DPR) is 84.00%.

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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