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S&P 500   4,274.51
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The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Wall Street moderately lower as anxiety over interest rates persists
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
5 Cheap Ways to Ride The AI Supercycle to Profits
The Strategic Gold Play You Haven't Heard About (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Wall Street moderately lower as anxiety over interest rates persists
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
5 Cheap Ways to Ride The AI Supercycle to Profits
The Strategic Gold Play You Haven't Heard About (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
The Odds Are High Costco Will Declare a Special Dividend Soon 
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Stock market today: Wall Street moderately lower as anxiety over interest rates persists
U.S. drive to onshore battery supply chains could create big winners in lithium (Ad)
Low Beta Stocks To Offset A Possible Hard Landing
5 Cheap Ways to Ride The AI Supercycle to Profits
The Strategic Gold Play You Haven't Heard About (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
TSE:MTL

Mullen Group (MTL) Stock Forecast, Price & News

C$13.23
+0.23 (+1.77%)
(As of 09/27/2023 ET)
Compare
Today's Range
C$13.04
▼
C$13.26
50-Day Range
C$13.00
▼
C$16.01
52-Week Range
C$12.50
▼
C$16.43
Volume
330,174 shs
Average Volume
234,457 shs
Market Capitalization
C$1.17 billion
P/E Ratio
7.69
Dividend Yield
5.44%
Price Target
C$17.66
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Mullen Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
33.5% Upside
C$17.66 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of Mullen Group in the last 14 days
Based on 5 Articles This Week
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.

2.60 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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 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 Price History

MTL Stock News Headlines

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
September 28, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
September 25, 2023 | americanbankingnews.com
Mullen Group Ltd. (TSE:MTL) Receives Consensus Rating of "Moderate Buy" from Brokerages
September 19, 2023 | americanbankingnews.com
Mullen Group (TSE:MTL) Stock Price Crosses Below 200-Day Moving Average of $15.03
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
September 28, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
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
April 25, 2023 | finance.yahoo.com
Mullen Group (TSE:MTL) Has Announced A Dividend Of CA$0.06
April 22, 2023 | theglobeandmail.com
Closing Bell: Mullen Group Ltd up on Friday (MTL)
April 21, 2023 | theglobeandmail.com
Closing Bell: Mullen Group Ltd down on Thursday (MTL)
See More Headlines
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MTL Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
9/28/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/19/2023
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 Forecast
C$17.66
High Stock Price Forecast
C$19.25
Low Stock Price Forecast
C$15.00
Forecasted Upside/Downside
+33.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$1.72
Trailing P/E Ratio
7.69
Forward P/E Ratio
9.77
P/E Growth
1.81
Net Income
C$167.78 million
Net Margins
8.33%
Pretax Margin
N/A
Return on Equity
18.13%
Return on Assets
6.78%

Debt

Debt-to-Equity Ratio
85.81
Current Ratio
1.23
Quick Ratio
1.06

Sales & Book Value

Annual Sales
C$2.01 billion
Price / Sales
0.58
Cash Flow
C$0.08 per share
Price / Cash Flow
168.51
Book Value
C$10.67 per share
Price / Book
1.24

Miscellaneous

Outstanding Shares
88,740,000
Free Float
N/A
Market Cap
C$1.17 billion
Optionable
Optionable
Beta
1.70
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Key Executives

  • Mr. Murray Kenneth Mullen (Age 67)
    Chairman, Pres & Sr. Exec. Officer
    Comp: $970k
  • 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. Lee Hellyer
    VP of Operations
  • Mr. P. Stephen Clark CMA
    Sr. Financial Officer (Leave of Absence)

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













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 twelve months. There are currently 5 hold ratings, 2 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 forecast for 2023?

8 brokers have issued 1-year price objectives for Mullen Group's shares. Their MTL share price forecasts range from C$15.00 to C$19.25. On average, they expect the company's share price to reach C$17.66 in the next twelve months. This suggests a possible upside of 33.5% 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 9.1% and is now trading at C$13.23.
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, October 19th 2023.
View our MTL earnings forecast.

How were Mullen Group's earnings last quarter?

Mullen Group Ltd. (TSE:MTL) issued its earnings results on Thursday, July, 20th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.06. The company earned $494.30 million during the quarter, compared to analyst estimates of $503.50 million. Mullen Group had a trailing twelve-month return on equity of 18.13% and a net margin of 8.33%.

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

Mullen Group announced a monthly dividend on Thursday, September 21st. Investors of record on Saturday, September 30th will be given a dividend of 0.06 per share on Monday, October 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for MTL.

Is Mullen Group a good dividend stock?

Mullen Group (TSE:MTL) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 5.40%. MTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.86%. 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).

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$13.23.

How much money does Mullen Group make?

Mullen Group (TSE:MTL) has a market capitalization of C$1.17 billion and generates C$2.01 billion in revenue each year. The company earns C$167.78 million in net income (profit) each year or C$1.72 on an earnings per share basis.

How many employees does Mullen Group have?

The company employs 7,100 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 9/28/2023 by MarketBeat.com Staff

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