Desjardins upgraded shares of Mullen Group (TSE:MTL - Free Report) to a moderate buy rating in a research report report published on Monday, May 12th,Zacks.com reports. Desjardins also issued estimates for Mullen Group's Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.18 EPS, FY2026 earnings at $1.42 EPS and FY2027 earnings at $1.57 EPS.
Other equities analysts have also recently issued reports about the company. TD Securities lowered their price objective on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Cormark lowered their price objective on Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Acumen Capital decreased their price target on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a report on Thursday, April 24th. CIBC dropped their target price on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. Finally, Raymond James raised Mullen Group from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from C$17.00 to C$16.75 in a research note on Thursday, April 24th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mullen Group presently has a consensus rating of "Buy" and an average target price of C$17.15.
View Our Latest Stock Report on MTL
Mullen Group Stock Up 0.2%
Shares of TSE:MTL traded up C$0.03 during trading on Monday, hitting C$14.33. The stock had a trading volume of 47,854 shares, compared to its average volume of 255,667. The firm's fifty day moving average is C$12.95 and its 200 day moving average is C$14.07. The company has a market capitalization of C$1.28 billion, a PE ratio of 10.39, a PEG ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a 12 month low of C$11.81 and a 12 month high of C$16.06.
Mullen Group Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 5.86%. The ex-dividend date was Wednesday, April 30th. Mullen Group's payout ratio is currently 60.92%.
Insider Transactions at Mullen Group
In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Over the last ninety days, insiders have purchased 2,832 shares of company stock worth $37,153. Insiders own 6.32% of the company's stock.
About Mullen Group
(
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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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