Should I buy or sell Mullen Group stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mullen Group in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

9 brokers have issued 12-month target prices for Mullen Group's stock. Their MTL share price targets range from C$16.00 to C$22.00. On average, they predict the company's share price to reach C$18.61 in the next year. This suggests a possible upside of 30.1% 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 2024?

Mullen Group's stock was trading at C$14.04 on January 1st, 2024. Since then, MTL stock has increased by 1.9% and is now trading at C$14.30. View the best growth stocks for 2024 here .

When is Mullen Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our MTL earnings forecast .

How were Mullen Group's earnings last quarter?

Mullen Group Ltd. (TSE:MTL) announced its quarterly earnings data on Thursday, February, 15th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $498.60 million for the quarter, compared to the consensus estimate of $500 million. Mullen Group had a net margin of 6.85% and a trailing twelve-month return on equity of 14.03%.

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

Mullen Group declared a monthly dividend on Thursday, March 21st. Shareholders of record on Sunday, March 31st will be paid a dividend of 0.06 per share on Monday, April 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Wednesday, March 27th. 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 4.90%. MTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.66%. 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) , Wheaton Precious Metals (WPM) , 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 .

TSE:MTL

Mullen Group (MTL) Stock Price, News & Analysis

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Free MTL Stock Alerts

C$14.30

-0.01 (-0.07%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$14.27
▼
C$14.44
50-Day Range: C$14.30
▼
C$15.47
52-Week Range: C$12.82
▼
C$16.43

Volume: 85,603 shs
Average Volume: 140,439 shs
Market Capitalization: C$1.26 billion

P/E Ratio: 9.86
Dividend Yield: 5.03%
Price Target: C$18.61

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Mullen Group alerts:

Mullen Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 30.1% Upside
C$18.61 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.44
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$16,214 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.72 out of 5 stars

4.4

Analyst's Opinion

Consensus Rating
Mullen Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Mullen Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 4.90%, 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 49.66%. 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.

1.9

News and Social Media Coverage

News Sentiment
Mullen Group has a news sentiment score of 0.44. 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 4 news articles for Mullen Group this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Mullen Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mullen Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$16,214.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 6.29% of the stock of Mullen Group is held by insiders.
Percentage Held by Institutions
Only 30.18% 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 9.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mullen Group is 9.86, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 399.46.
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 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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 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.

MTL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTL Stock News Headlines

April 18, 2024 | americanbankingnews.com

Mullen Group (MTL) to Release Quarterly Earnings on Thursday

April 12, 2024 | ca.finance.yahoo.com

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April 12, 2024 | americanbankingnews.com

Mullen Group Ltd. (TSE:MTL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

April 10, 2024 | americanbankingnews.com

Mullen Group (TSE:MTL) Shares Cross Above 200-Day Moving Average of $14.12

March 21, 2024 | ca.finance.yahoo.com

Mullen Group Ltd. (MTL.TO)

March 1, 2024 | wsj.com

Mullen Group Ltd.

February 24, 2024 | msn.com

Real Estate Update with The Mullin Blankfeld Group

April 18, 2024 | Darwin (Ad)

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February 15, 2024 | ca.finance.yahoo.com

Stocks in play: Mullen Group Ltd.

February 12, 2024 | finance.yahoo.com

At CA$15.28, Is Mullen Group Ltd. (TSE:MTL) Worth Looking At Closely?

January 19, 2024 | msn.com

What's Going On With EV Manufacturer Mullen Automotive Shares Today?

January 17, 2024 | msn.com

Mullen Group signs deal to buy logistics company ContainerWorld

January 17, 2024 | theglobeandmail.com

Mullen Group signs letter of intent to buy logistics company ContainerWorld

January 12, 2024 | morningstar.com

Mullen Group Ltd MTL

January 8, 2024 | msn.com

Mullen Group secures $125M credit facility

January 2, 2024 | markets.businessinsider.com

MULN Stock Alert: Mullen Automotive Announces New Deliveries to Randy Marion

December 27, 2023 | msn.com

Mullen Automotive completes battery cell integration for cargo vans

December 27, 2023 | markets.businessinsider.com

Destination Unknown: Plan for Accelerating Losses with Mullen Automotive Stock (NASDAQ:MULN)

December 21, 2023 | marketwatch.com

Mullen Automotive Up 79% After Reverse Split, Vehicle Update

December 20, 2023 | msn.com

Mullen Automotive (NASDAQ:MULN) Plunges as Latest Reverse Stock Split Goes Through

December 15, 2023 | markets.businessinsider.com

MULN Stock: Mullen Postpones Special Meeting to Dec. 18

December 14, 2023 | theglobeandmail.com

Murray Mullen buys as Mullen Group stock backtracks from highs

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)

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

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Ex-Dividend for 3/15 Dividend: 2/28/2024
Dividend Payable: 3/15/2024
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/25/2024

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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$18.61
High Stock Price Target: C$22.00
Low Stock Price Target: C$16.00
Potential Upside/Downside: +30.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.45
Trailing P/E Ratio: 9.86
Forward P/E Ratio: 10.59
P/E Growth: 1.81
Net Income: C$136.72 million
Net Margins: 6.85%
Pretax Margin: N/A
Return on Equity: 14.03%
Return on Assets: 6.93%

Debt

Debt-to-Equity Ratio: 78.38
Current Ratio: 0.76
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: C$1.99 billion
Price / Sales: 0.63
Cash Flow: C$0.08 per share
Price / Cash Flow: 168.51
Book Value: C$11.07 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 88,020,000
Free Float: N/A
Market Cap: C$1.26 billion
Optionable: Not Optionable
Beta: 1.79

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Key Executives

Mr. Murray Kenneth Mullen (Age 68)
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

Joanna Kathryn Scott
Bought 1,100 shares on 2/21/2024
Total: C$16,214.00 ($14.74/share)

View All Insider Transactions

MTL Stock Analysis - Frequently Asked Questions

Should I buy or sell Mullen Group stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mullen Group in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?: 9 brokers have issued 12-month target prices for Mullen Group's stock. Their MTL share price targets range from C$16.00 to C$22.00. On average, they predict the company's share price to reach C$18.61 in the next year. This suggests a possible upside of 30.1% 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 2024?: Mullen Group's stock was trading at C$14.04 on January 1st, 2024. Since then, MTL stock has increased by 1.9% and is now trading at C$14.30.
View the best growth stocks for 2024 here.
When is Mullen Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MTL earnings forecast.
How were Mullen Group's earnings last quarter?: Mullen Group Ltd. (TSE:MTL) announced its quarterly earnings data on Thursday, February, 15th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $498.60 million for the quarter, compared to the consensus estimate of $500 million. Mullen Group had a net margin of 6.85% and a trailing twelve-month return on equity of 14.03%.

How often does Mullen Group pay dividends? What is the dividend yield for Mullen Group?: Mullen Group declared a monthly dividend on Thursday, March 21st. Shareholders of record on Sunday, March 31st will be paid a dividend of 0.06 per share on Monday, April 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Wednesday, March 27th.
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 4.90%. MTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.66%. 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), Wheaton Precious Metals (WPM), 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 4/18/2024 by MarketBeat.com Staff

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Mullen Group (MTL) Stock Price, News & Analysis

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

News Sentiment

News Coverage This Week

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^™