Mullen Group (MTL) Stock Price, News & Analysis

Company Overview

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. The Specialized & Industrial Services segment provides specialized equipment and services to the oil and natural gas, environmental, construction, pipeline, utility, telecom, and civil industries; and specialized services comprising water management, environmental services, pipeline and civil construction, Industrial cleaning and turnaround services, fluid management, and municipal development and emergency support services, as well as drilling and drilling related services. The U.S. & International Logistics segment provides logistics services through professional representatives and station agents. This segment also owns SilverExpress, a proprietary integrated transportation management platform. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada.

Key Stats

• Today's Range: C$14.10 to C$14.30
• 50-Day Range: C$13.87 to C$14.63
• 52-Week Range: C$12.47 to C$15.71
• Volume: 179,201 shs
• Average Volume: 189,639 shs
• Market Capitalization: C$1.25 billion
• P/E Ratio: 10.66
• Dividend Yield: 5.88%
• Price Target: C$18.25
• Consensus Rating: Moderate Buy

Mullen Group Stock Analysis - MarketRank™

Mullen Group scored higher than 64% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Mullen Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Mullen Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Mullen Group is 10.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mullen Group is 10.66, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 487.55.

Price to Earnings Growth Ratio

Mullen Group has a PEG Ratio of 1.81. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Mullen Group has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MTL.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Mullen Group is a leading dividend payer. It pays a dividend yield of 5.77%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Mullen Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Mullen Group is 62.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MTL.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.25

News Sentiment

Mullen Group has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrials companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Mullen Group this week, compared to 1 article on an average week.

Search Interest

1 people have searched for MTL on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added Mullen Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Mullen Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.32% of the stock of Mullen Group is held by insiders.

Percentage Held by Institutions

Only 27.19% of the stock of Mullen Group is held by institutions.

MTL Stock Analysis - Frequently Asked Questions

How have MTL shares performed this year?

Mullen Group's stock was trading at C$14.04 on January 1st, 2024. Since then, MTL shares have increased by 1.7% and is now trading at C$14.28.
View the best growth stocks for 2024 here.

How were Mullen Group's earnings last quarter?

Mullen Group Ltd. (TSE:MTL) announced its quarterly earnings data on Thursday, July, 25th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The business had revenue of $495.60 million for the quarter, compared to analysts' expectations of $490.50 million. Mullen Group had a net margin of 6.30% and a trailing twelve-month return on equity of 12.74%.

How do I buy shares of Mullen Group?

Shares of MTL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Mullen Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mullen Group investors own include Constellation Software (CSU), Intact Financial (IFC), AbbVie (ABBV), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Enbridge (ENB) and Toronto-Dominion Bank (TD).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 9/16 Dividend: 8/30/2024
• Dividend Payable: 9/16/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 10/22/2024
• Next Earnings (Confirmed): 10/24/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Trucking
• Sub-Industry: N/A
• Current Symbol: TSE:MTL
• CUSIP: N/A
• CIK: N/A
• Web: www.mullen-group.com
• Phone: +1-403-9955200
• Fax: N/A
• Employees: 7,400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$18.25
• High Stock Price Target: C$21.00
• Low Stock Price Target: C$16.50
• Potential Upside/Downside: +27.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.34
• Trailing P/E Ratio: 10.66
• Forward P/E Ratio: N/A
• P/E Growth: 1.81
• Net Income: C$123.59 million
• Net Margins: 6.30%
• Pretax Margin: N/A
• Return on Equity: 12.74%
• Return on Assets: 6.14%

Debt

• Debt-to-Equity Ratio: 93.56
• Current Ratio: 0.75
• Quick Ratio: 1.06

Sales & Book Value

• Annual Sales: C$1.96 billion
• Price / Sales: 0.64
• Cash Flow: C$0.08 per share
• Price / Cash Flow: 168.51
• Book Value: C$11.32 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 87,780,000
• Free Float: N/A
• Market Cap: C$1.25 billion
• Optionable: Not Optionable
• Beta: 1.82