Mullen Group (TSE:MTL – Get Free Report) had its target price lowered by investment analysts at Royal Bank of Canada from C$17.00 to C$16.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 21.12% from the company’s current price.
Several other equities analysts also recently commented on MTL. Scotiabank dropped their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday. Cormark increased their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. National Bankshares dropped their price target on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James dropped their price target on shares of Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating for the company in a research note on Friday. Finally, TD Securities raised their price target on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$17.89.
Check Out Our Latest Stock Analysis on Mullen Group
Mullen Group Price Performance
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.02. The business had revenue of C$498.60 million during the quarter, compared to the consensus estimate of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. On average, research analysts anticipate that Mullen Group will post 1.3498623 earnings per share for the current year.
Mullen Group Company Profile
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.
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