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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Economic and National Security Threats Create Lithium Bonanza (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Buffett's firm buys more Apple, Amazon while betting on oil
Companies facing 1st tax on stock buybacks in Biden bill
Elon Musk is Worried about China (Ad)
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Is Ford About To Crush Workhorse Group? 
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Economic and National Security Threats Create Lithium Bonanza (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Buffett's firm buys more Apple, Amazon while betting on oil
Companies facing 1st tax on stock buybacks in Biden bill
Elon Musk is Worried about China (Ad)
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Is Ford About To Crush Workhorse Group? 
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Economic and National Security Threats Create Lithium Bonanza (Ad)
3 Stocks Set to Lead the Nasdaq Bull Market
Buffett's firm buys more Apple, Amazon while betting on oil
Companies facing 1st tax on stock buybacks in Biden bill
Elon Musk is Worried about China (Ad)
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Is Ford About To Crush Workhorse Group? 
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
TSE:MTL

Mullen Group - MTL Stock Forecast, Price & News

C$14.94
+0.01 (+0.07%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
C$14.81
C$14.95
50-Day Range
C$11.03
C$14.94
52-Week Range
C$10.83
C$15.13
Volume
128,401 shs
Average Volume
324,773 shs
Market Capitalization
C$1.39 billion
P/E Ratio
14.94
Dividend Yield
4.82%
Price Target
C$17.27

Mullen Group MarketRank™ Forecast

Analyst Rating
Buy
3.13 Rating Score
Upside/​Downside
15.6% Upside
C$17.27 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$43,882 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

MTL stock logo

About Mullen Group (TSE:MTL) Stock

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. 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 multimode transportation services, such as full truckload, specialized trucking, intermodal, and transload to customers through a network of terminals and transload facilities; and warehousing and distribution services. The Specialized & Industrial Services segment provides production services, such as well servicing, production fluid transportation, transportation of fluids for disposal, frac support, hydrovac excavation, and industrial cleaning and turnaround services; and specialized services comprising dredging and dewatering services, large diameter pipe stockpiling and stringing services, water management, environmental services, civil construction, municipal development and emergency services, hydrostatic testing services to the pipeline industry and midstream sector, and transporting of oversize and overweight shipments, as well as deals in original equipment manufacturer parts and services. This segment also offers drilling and drilling related services, consisting of transportation, handling, and storage of oilfield fluids, tubulars, and drilling mud; drilling rig relocation; general oilfield hauling; well disposal facility; core drilling; setting surface casing; and conductor pipe setting 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.

Mullen Group Stock Down 0.1 %

Shares of TSE:MTL traded down C$0.02 during trading on Monday, hitting C$14.91. The company's stock had a trading volume of 93,925 shares, compared to its average volume of 324,533. The company has a debt-to-equity ratio of 91.09, a quick ratio of 0.97 and a current ratio of 1.18. Mullen Group has a fifty-two week low of C$10.83 and a fifty-two week high of C$15.13. The stock's 50-day moving average price is C$12.53 and its two-hundred day moving average price is C$12.55. The company has a market capitalization of C$1.39 billion and a PE ratio of 14.93.

Mullen Group (TSE:MTL - Get Rating) last posted its earnings results on Thursday, July 21st. The company reported C$0.44 EPS for the quarter, beating the consensus estimate of C$0.27 by C$0.17. The company had revenue of C$521.56 million for the quarter, compared to the consensus estimate of C$453.03 million. As a group, sell-side analysts expect that Mullen Group will post 1.33 EPS for the current year.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.83%. Mullen Group's payout ratio is currently 56.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MTL. Scotiabank upped their target price on shares of Mullen Group from C$15.50 to C$16.00 in a research note on Friday, April 22nd. Raymond James upgraded Mullen Group from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from C$14.50 to C$18.00 in a research report on Friday, July 22nd. CIBC lifted their target price on Mullen Group from C$14.00 to C$15.50 in a research report on Friday, July 22nd. Haywood Securities lifted their target price on Mullen Group to C$17.00 and gave the company a "buy" rating in a research note on Friday, July 22nd. Finally, National Bankshares lifted their target price on Mullen Group from C$16.50 to C$18.00 and gave the stock an "outperform" rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$17.27.

Insider Transactions at Mullen Group

In other Mullen Group news, Director Philip Scherman bought 3,700 shares of the stock in a transaction on Wednesday, June 15th. The shares were purchased at an average cost of C$11.86 per share, with a total value of C$43,882.00. Following the completion of the transaction, the director now directly owns 4,400 shares of the company's stock, valued at approximately C$52,184.

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MTL Stock News Headlines

Mullen Group (TSE:MTL) Sets New 52-Week High at $14.95
Mullen Group Ltd stock advanced on Wednesday.
Mullen Group Ltd stock decreased on Tuesday.
CIBC Boosts Mullen Group (TSE:MTL) Price Target to C$15.50
Cormark Raises Mullen Group (TSE:MTL) Price Target to C$19.00
Mullen Group (TSE:MTL) Upgraded at Credit Suisse Group
Mullen Group (TSE:MTL) Upgraded at Raymond James
Mullen Group (TSE:MTL) Price Target Raised to C$17.00
Mullen Group (TSE:MTL) PT Raised to C$17.00 at TD Securities
Mullen: A Force In The Making
Mullen Group Ltd stock reduced on Friday.
Mullen Group Ltd stock advanced on Tuesday.
Mullen Group Ltd stock advanced on Monday.
Mullen Group Ltd stock eased on Thursday.
See More Headlines
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MTL Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/21/2022
Ex-Dividend for 8/15 Dividend
7/28/2022
Dividend Payable
8/15/2022
Today
8/16/2022
Next Earnings (Estimated)
10/26/2022

Industry, Sector and Symbol

Industry
Oil & Gas Equipment & Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
7,202
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$17.27
High Stock Price Forecast
C$19.00
Low Stock Price Forecast
C$15.50
Forecasted Upside/Downside
+15.6%
Consensus Rating
Buy
Rating Score (0-4)
3.13
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.85 billion
Cash Flow
C$0.08 per share
Book Value
C$9.72 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.39 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Murray Kenneth Mullen (Age 66)
    Chairman, Pres & Sr. Exec. Officer
    Comp: $625k
  • Mr. Carson P. Urlacher C.A.
    CPA, Sr. Accounting Officer & Interim CFO
  • Mr. Richard J. Maloney
    Sr. Operating Officer
  • Ms. Joanna Kathryn Scott
    Sr. Corp. Officer & Gen. Counsel
  • Mr. P. Stephen Clark CMA
    Sr. Financial Officer (Leave of Absence)













MTL Stock - Frequently Asked Questions

Should I buy or sell Mullen Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mullen Group in the last year. There are currently 1 hold rating, 5 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTL shares.
View MTL analyst ratings
or view top-rated stocks.

What is Mullen Group's stock price forecast for 2022?

8 brokerages have issued 1-year target prices for Mullen Group's shares. Their MTL share price forecasts range from C$15.50 to C$19.00. On average, they anticipate the company's stock price to reach C$17.27 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
View analysts price targets for MTL
or view top-rated stocks among Wall Street analysts.

How have MTL shares performed in 2022?

Mullen Group's stock was trading at C$11.63 at the start of the year. Since then, MTL shares have increased by 28.5% and is now trading at C$14.94.
View the best growth stocks for 2022 here
.

When is Mullen Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MTL earnings forecast
.

How were Mullen Group's earnings last quarter?

Mullen Group Ltd. (TSE:MTL) released its quarterly earnings data on Thursday, July, 21st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.27 by $0.17. The business earned $521.56 million during the quarter, compared to analyst estimates of $453.03 million.

How often does Mullen Group pay dividends? What is the dividend yield for Mullen Group?

Mullen Group announced a monthly dividend on Thursday, July 28th. Shareholders of record on Monday, August 15th will be given a dividend of 0.06 per share on Monday, August 15th. This represents a $0.72 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for MTL
.

Is Mullen Group a good dividend stock?

Mullen Group (TSE:MTL) pays an annual dividend of C$0.56 per share and currently has a dividend yield of 4.82%. MTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 56.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MTL.

What other stocks do shareholders of Mullen Group own?
What is Mullen Group's stock symbol?

Mullen Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MTL."

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 is Mullen Group's stock price today?

One share of MTL stock can currently be purchased for approximately C$14.94.

How much money does Mullen Group make?

Mullen Group (TSE:MTL) has a market capitalization of C$1.39 billion and generates C$1.85 billion in revenue each year.

How many employees does Mullen Group have?

The company employs 7,202 workers across the globe.

How can I contact Mullen Group?

Mullen Group's mailing address is 121A-31 Southridge Dr, OKOTOKS, AB T1S 2N3, Canada. The official website for the company is www.mullen-group.com. The company can be reached via phone at +1-403-9955200.

This page (TSE:MTL) was last updated on 8/16/2022 by MarketBeat.com Staff

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