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

Key Points

• Brokerages give Mullen Group an average recommendation of Moderate Buy (5 buys, 3 holds) with a 12‑month consensus price target of C$20.67 and recent price‑target increases from major banks up to C$23.00.
• Shares opened at C$20.54 (52‑week range C$12.98–C$20.66); the company has a market cap of C$1.97B, a P/E of 20.14, and last quarter reported EPS of C$0.20 on C$547.7M in revenue.
• Mullen Group declared a monthly dividend of $0.07 per share (ex‑dividend April 30), implying a yield of 4.1% and a dividend payout ratio of 82.35%.

Mullen Group Ltd. (TSE:MTL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$20.67.

A number of equities analysts have commented on the company. Royal Bank Of Canada raised their price objective on Mullen Group from C$19.00 to C$21.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Desjardins raised their price objective on Mullen Group from C$20.00 to C$23.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Scotiabank raised their price objective on Mullen Group from C$19.00 to C$21.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Raymond James Financial raised their price objective on Mullen Group from C$17.00 to C$18.00 and gave the stock a "market perform" rating in a research note on Friday, April 24th. Finally, National Bank Financial raised their price objective on Mullen Group from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th.

Mullen Group Stock Performance

Shares of TSE MTL opened at C$20.54 on Friday. Mullen Group has a 52 week low of C$12.98 and a 52 week high of C$20.66. The stock has a market capitalization of C$1.97 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76. The stock has a 50 day moving average price of C$17.56 and a 200 day moving average price of C$16.23. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07.

Mullen Group (TSE:MTL - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$547.70 million during the quarter. Mullen Group had a return on equity of 8.72% and a net margin of 4.32%.

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, April 30th. Mullen Group's dividend payout ratio (DPR) is 82.35%.

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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