Royal Bank of Canada Trims Mullen Group (TSE:MTL) Target Price to C$16.00

Mullen Group (TSE:MTL - Get Free Report) had its price objective reduced by equities researchers at Royal Bank of Canada from C$17.00 to C$16.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 22.14% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. Acumen Capital dropped their price objective on shares of Mullen Group from C$19.50 to C$19.00 and set a "buy" rating on the stock in a report on Friday, February 16th. CIBC lowered their target price on shares of Mullen Group from C$17.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Friday. Cormark raised their target price on shares of Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. Raymond James lowered their target price on shares of Mullen Group from C$17.00 to C$16.50 and set a "market perform" rating on the stock in a research note on Friday. Finally, BMO Capital Markets lowered their target price on shares of Mullen Group from C$16.00 to C$14.50 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$17.89.

Mullen Group Stock Down 0.2 %

Shares of MTL stock traded down C$0.02 on Friday, hitting C$13.10. The stock had a trading volume of 577,786 shares, compared to its average volume of 157,394. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.81 and a beta of 1.79. The stock's 50 day moving average is C$14.68 and its 200-day moving average is C$14.20. The company has a debt-to-equity ratio of 78.38, a quick ratio of 1.06 and a current ratio of 0.76. 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 quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating analysts' consensus estimates of C$0.32 by C$0.02. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. The firm had revenue of C$498.60 million for the quarter, compared to the consensus estimate of C$500.00 million. As a group, research analysts expect that Mullen Group will post 1.3498623 earnings per share for the current year.

Mullen Group Company Profile

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.