Royal Bank Of Canada Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

Key Points

• Royal Bank of Canada raised its price target on Mullen Group from C$17.00 to C$19.00 and kept an "outperform" rating, implying about a 4.4% upside from the prior close.
• Several other brokers also lifted targets (many to C$19.00), and MarketBeat shows a consensus rating of "Moderate Buy" with a consensus target of C$18.20.
• Mullen shares traded at C$18.20 (down 0.8%), near a one‑year high of C$18.36, after reporting quarterly EPS of C$0.15 on C$533.9M revenue; the stock carries a PE of 18.2 and a market cap of about C$1.74B.

Mullen Group (TSE:MTL - Get Free Report) had its price target raised by investment analysts at Royal Bank Of Canada from C$17.00 to C$19.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 4.40% from the company's previous close.

A number of other equities analysts also recently commented on the stock. National Bank Financial boosted their target price on shares of Mullen Group from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a report on Tuesday, January 20th. Scotiabank boosted their price target on Mullen Group from C$18.50 to C$19.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their price target on Mullen Group from C$15.00 to C$17.00 in a research note on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$18.20.

Mullen Group Stock Down 0.8%

Shares of MTL stock traded down C$0.14 on Monday, hitting C$18.20. The stock had a trading volume of 159,547 shares, compared to its average volume of 295,410. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 111.51. The business has a 50 day moving average price of C$17.02 and a 200 day moving average price of C$15.77. The company has a market cap of C$1.74 billion, a PE ratio of 18.20, a P/E/G ratio of 1.81 and a beta of 0.76. Mullen Group has a one year low of C$11.89 and a one year high of C$18.36.

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

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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