Mullen Group Ltd. (TSE:MTL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation 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$18.61.

A number of research analysts recently issued reports on MTL shares. TD Securities raised their target price on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Scotiabank raised their price target on Mullen Group from C$19.50 to C$20.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. National Bankshares boosted their price objective on Mullen Group from C$19.00 to C$19.50 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Raymond James raised their target price on Mullen Group from C$16.00 to C$17.00 and gave the company a "market perform" rating in a report on Friday, February 16th. Finally, CIBC upgraded Mullen Group from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$16.50 to C$17.00 in a report on Friday, February 16th.

Mullen Group Stock Down 2.0 %

Shares of MTL traded down C$0.30 during trading hours on Friday, hitting C$14.70. 85,624 shares of the company were exchanged, compared to its average volume of 142,304. The company has a debt-to-equity ratio of 78.38, a quick ratio of 1.06 and a current ratio of 0.76. The company has a market cap of C$1.29 billion, a PE ratio of 10.14, a PEG ratio of 1.81 and a beta of 1.77. The firm's 50 day moving average is C$14.83 and its 200-day moving average is C$14.14. Mullen Group has a 52 week low of C$12.82 and a 52 week high of C$16.43.

Mullen Group (TSE:MTL - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share for the quarter, topping the consensus estimate of C$0.32 by C$0.02. Mullen Group had a return on equity of 14.03% and a net margin of 6.85%. The firm had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. On average, equities research analysts forecast that Mullen Group will post 1.3780037 EPS for the current fiscal year.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.72 annualized dividend and a yield of 4.90%. Mullen Group's dividend payout ratio (DPR) is currently 49.66%.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.