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 twelve months. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTL shares. View MTL analyst ratings or view top-rated stocks .

What is Mullen Group's stock price target for 2024?

8 brokers have issued 1 year price objectives for Mullen Group's shares. Their MTL share price targets range from C$15.00 to C$20.00. On average, they predict the company's stock price to reach C$17.63 in the next twelve months. This suggests a possible upside of 34.9% 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 2023?

Mullen Group's stock was trading at C$14.55 at the beginning of the year. Since then, MTL shares have decreased by 10.2% and is now trading at C$13.07. View the best growth stocks for 2023 here .

When is Mullen Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our MTL earnings forecast .

How were Mullen Group's earnings last quarter?

Mullen Group Ltd. (TSE:MTL) issued its quarterly earnings data on Thursday, October, 19th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company earned $504 million during the quarter, compared to analysts' expectations of $497 million. Mullen Group had a trailing twelve-month return on equity of 17.82% and a net margin of 8.45%.

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

Mullen Group announced a monthly dividend on Wednesday, November 22nd. Investors of record on Thursday, November 30th will be paid a dividend of 0.06 per share on Friday, December 15th. This represents a $0.72 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Wednesday, November 29th. Read our dividend analysis for MTL .

Is Mullen Group a good dividend stock?

Mullen Group (TSE:MTL) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 5.37%. MTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.14%. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mullen Group investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Open Text (OTEX) , Toronto-Dominion Bank (TD) and Rogers Communications (RCI) .

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 .

Mullen Group Stock Price, News & Analysis (TSE:MTL)

C$13.07

-0.33 (-2.46%)

(As of 12/5/2023 ET)

Compare

Today's Range: C$13.06
▼
C$13.49
50-Day Range: C$13.00
▼
C$13.97
52-Week Range: C$12.82
▼
C$16.43

Volume: 238,800 shs
Average Volume: 225,635 shs
Market Capitalization: C$1.16 billion

P/E Ratio: 7.47
Dividend Yield: 5.51%
Price Target: C$17.63

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Mullen Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 34.9% Upside
C$17.63 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
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.

2.01 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Mullen Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$17.63, Mullen Group has a forecasted upside of 34.9% from its current price of C$13.07.
Amount of Analyst Coverage
Mullen Group has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MTL.

2.5

Dividend Strength

Dividend Leadership
Mullen Group is a leading dividend payer. It pays a dividend yield of 5.37%, 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 41.14%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTL.

1.1

News and Social Media Coverage

Search Interest
1 people have searched for MTL on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Mullen Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

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 6.10% of the stock of Mullen Group is held by insiders.
Percentage Held by Institutions
Only 33.63% of the stock of Mullen Group is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Mullen Group is 7.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mullen Group is 7.47, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 364.10.
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 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Mullen Group Stock (TSE:MTL)

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 ecommerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation management, inventory management, and warehouse management systems; and warehousing and distribution services. The Specialized & Industrial Services segment provides production services, 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. The company was founded in 1949 and is headquartered in Okotoks, Canada.

MTL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTL Stock News Headlines

November 16, 2023 | theglobeandmail.com

Closing Bell: Mullen Group Ltd 5.75 Pct Debs up on Wednesday (MTL-DB)

November 3, 2023 | theglobeandmail.com

Mullen Group: Top 10 Undervalued Transportation Industry Stocks (MTL)

December 6, 2023 | Autonomix (Ad)

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October 20, 2023 | markets.businessinsider.com

BMO Capital Maintains Their Hold Rating on Mullen Group Ltd. (MTL)

October 19, 2023 | theglobeandmail.com

Trucking firm Mullen Group reports $39.1-million quarterly profit as revenue edges lower

October 9, 2023 | theglobeandmail.com

Closing Bell: Mullen Group Ltd 5.75 Pct Debs flat on Thursday (MTL-DB)

September 28, 2023 | markets.businessinsider.com

RBC Capital Keeps a Hold Rating on Mullen Group Ltd. (MTL)

September 27, 2023 | finance.yahoo.com

Mullen Group Ltd. 2023 Third Quarter Earnings Conference Call and Webcast

December 6, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

September 7, 2023 | msn.com

Mullen Automotive’s stock sinks toward another record low after Nasdaq’s delisting determination

September 5, 2023 | ca.finance.yahoo.com

Need Cash Flow? These Stocks Pay You Every Month

August 23, 2023 | seekingalpha.com

Mullen Group Ltd. declares CAD 0.06 dividend

August 18, 2023 | theglobeandmail.com

Closing Bell: Mullen Group Ltd down on Friday (MTL)

August 18, 2023 | msn.com

Mullen: Bankruptcy Is A Serious Risk

August 14, 2023 | theglobeandmail.com

Closing Bell: Mullen Group Ltd down on Monday (MTL)

August 9, 2023 | msn.com

Get $250 Every Month from These Top TSX Stocks

July 22, 2023 | msn.com

Larry Mullen Jr. Immediately Regretted His Decision After He Called Bono And U2 A Dictatorship

July 21, 2023 | ca.investing.com

TSX Rallies to Over Two Month High; Retail Sales Robust

July 20, 2023 | theglobeandmail.com

Trucking and logistics firm Mullen Group reports second-quarter profit and revenue down

June 27, 2023 | finance.yahoo.com

Mullen Group (TSE:MTL) Is Paying Out A Dividend Of CA$0.06

June 26, 2023 | msn.com

How I’d Invest $500/Month to Target $1,784/Year in Passive Income

June 7, 2023 | markets.businessinsider.com

BMO Capital Reiterates Their Hold Rating on Mullen Group Ltd. (MTL)

May 26, 2023 | finance.yahoo.com

Mullen Group Ltd. (TSE:MTL) Passed Our Checks, And It's About To Pay A CA$0.06 Dividend

May 4, 2023 | theglobeandmail.com

Closing Bell: Mullen Group Ltd 5.75 Pct Debs down on Thursday (MTL-DB)

May 2, 2023 | theglobeandmail.com

Closing Bell: Mullen Group Ltd 5.75 Pct Debs down on Tuesday (MTL-DB)

April 28, 2023 | msn.com

Unusual Put Option Trade in Mullen Automotive (MULN) Worth $42.90K

April 27, 2023 | finanznachrichten.de

Mullen Group Ltd. Reports 2023 First Quarter Financial Results including Record First Quarter Revenue

See More Headlines

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Company Calendar

Last Earnings: 10/19/2023
Ex-Dividend for 11/15 Dividend: 10/30/2023
Dividend Payable: 11/15/2023
Ex-Dividend for 12/15 Dividend: 11/29/2023
Today: 12/05/2023
Dividend Payable: 12/15/2023
Next Earnings (Estimated): 2/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Trucking
Sub-Industry: N/A
Sector: Industrials
Current Symbol: TSE:MTL
CUSIP: N/A
CIK: N/A
Web: www.mullen-group.com
Phone: +1-403-9955200
Fax: N/A
Employees: 7,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$17.63
High Stock Price Target: C$20.00
Low Stock Price Target: C$15.00
Potential Upside/Downside: +34.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.75
Trailing P/E Ratio: 7.47
Forward P/E Ratio: 9.20
P/E Growth: 1.81
Net Income: C$168.81 million
Net Margins: 8.45%
Pretax Margin: N/A
Return on Equity: 17.82%
Return on Assets: 6.65%

Debt

Debt-to-Equity Ratio: 84.17
Current Ratio: 1.28
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: C$2 billion
Price / Sales: 0.58
Cash Flow: C$0.08 per share
Price / Cash Flow: 168.51
Book Value: C$10.92 per share
Price / Book: 1.20

Miscellaneous

Outstanding Shares: 88,630,000
Free Float: N/A
Market Cap: C$1.16 billion
Optionable: Not Optionable
Beta: 1.68

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Key Executives

Mr. Murray Kenneth Mullen (Age 67)
Chairman, President & Senior Executive Officer
Comp: $970k
Mr. Carson P. Urlacher C.A.
CPA, Senior Accounting Officer & Interim CFO
Mr. Richard J. Maloney
Senior Operating Officer
Ms. Joanna Kathryn Scott
Senior Corporate Officer & General Counsel
Mr. Lee Hellyer
Vice President of Operations
Mr. P. Stephen Clark CMA
Senior Financial Officer (Leave of Absence)

Key Competitors

View All Competitors

Insiders

Richard James Maloney
Bought 1,000 shares on 2/22/2023
Total: C$14,100.00 ($14.10/share)

View All Insider Transactions

MTL Stock Analysis - 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 twelve months. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTL shares.
View MTL analyst ratings or view top-rated stocks.
What is Mullen Group's stock price target for 2024?: 8 brokers have issued 1 year price objectives for Mullen Group's shares. Their MTL share price targets range from C$15.00 to C$20.00. On average, they predict the company's stock price to reach C$17.63 in the next twelve months. This suggests a possible upside of 34.9% 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 2023?: Mullen Group's stock was trading at C$14.55 at the beginning of the year. Since then, MTL shares have decreased by 10.2% and is now trading at C$13.07.
View the best growth stocks for 2023 here.
When is Mullen Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our MTL earnings forecast.
How were Mullen Group's earnings last quarter?: Mullen Group Ltd. (TSE:MTL) issued its quarterly earnings data on Thursday, October, 19th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company earned $504 million during the quarter, compared to analysts' expectations of $497 million. Mullen Group had a trailing twelve-month return on equity of 17.82% and a net margin of 8.45%.

How often does Mullen Group pay dividends? What is the dividend yield for Mullen Group?: Mullen Group announced a monthly dividend on Wednesday, November 22nd. Investors of record on Thursday, November 30th will be paid a dividend of 0.06 per share on Friday, December 15th. This represents a $0.72 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for MTL.
Is Mullen Group a good dividend stock?: Mullen Group (TSE:MTL) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 5.37%. MTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.14%. 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Mullen Group investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Toronto-Dominion Bank (TD) and Rogers Communications (RCI).
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.

This page (TSE:MTL) was last updated on 12/6/2023 by MarketBeat.com Staff

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Mullen Group Stock Price, News & Analysis (TSE:MTL)

Mullen Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Mullen Group Stock (TSE:MTL)

MTL Stock Price History

MTL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MTL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™