Q1 2017 EPS Estimates for Mullen Group Ltd. Lifted by Analyst (MTL)
Mullen Group Ltd. (TSE:MTL) – Investment analysts at Raymond James Financial upped their Q1 2017 earnings estimates for Mullen Group in a research note issued to investors on Friday. Raymond James Financial analyst A. Bradford now forecasts that the brokerage will earn $0.23 per share for the quarter, up from their previous forecast of $0.21. Raymond James Financial has a “Market Perform” rating and a $16.50 price objective on the stock. Raymond James Financial also issued estimates for Mullen Group’s Q1 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.02 EPS.
A number of other brokerages also recently issued reports on MTL. RBC Capital Markets upped their price objective on Mullen Group from C$19.00 to C$21.00 in a research note on Friday. Royal Bank Of Canada upped their price objective on Mullen Group from C$19.00 to C$21.00 in a research note on Friday. AltaCorp Capital restated a “sector perform” rating on shares of Mullen Group in a research note on Monday, August 15th. TD Securities upped their price objective on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. Finally, CIBC upped their price objective on Mullen Group from C$17.00 to C$18.50 in a research note on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$17.94.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.
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