Mullen Group Ltd. (MTL) Expected to Earn FY2016 Earnings of $0.59 Per Share
Mullen Group Ltd. (TSE:MTL) – Equities researchers at National Bank Financial boosted their FY2016 earnings per share (EPS) estimates for Mullen Group in a research report issued to clients and investors on Thursday. National Bank Financial analyst G. Colman now forecasts that the brokerage will post earnings per share of $0.59 for the year, up from their previous forecast of $0.55.
A number of other equities analysts also recently issued reports on MTL. RBC Capital Markets raised their price objective on shares of Mullen Group from C$19.00 to C$21.00 in a report on Friday, October 7th. Raymond James Financial Inc. downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$16.25 to C$16.50 in a report on Friday, October 7th. Royal Bank Of Canada raised their price objective on shares of Mullen Group from C$19.00 to C$21.00 in a report on Friday, October 7th. AltaCorp Capital reissued a “sector perform” rating on shares of Mullen Group in a report on Monday, August 15th. Finally, TD Securities raised their price objective on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$17.81.
Shares of Mullen Group (TSE:MTL) opened at 16.86 on Monday. The company’s 50-day moving average is $16.20 and its 200-day moving average is $15.13. The company has a market cap of $1.75 billion and a price-to-earnings ratio of 35.05. Mullen Group has a 12-month low of $13.02 and a 12-month high of $19.29.
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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