Mullen Group (TSE:MTL) Price Target Raised to C$17.25 at Raymond James

Mullen Group (TSE:MTLGet Free Report) had its target price increased by equities researchers at Raymond James from C$17.00 to C$17.25 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 18.56% from the company’s previous close.

Several other equities analysts have also recently commented on MTL. CIBC boosted their target price on Mullen Group from C$15.50 to C$16.50 in a research report on Friday, July 26th. TD Securities lowered their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada boosted their target price on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. BMO Capital Markets upgraded shares of Mullen Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$14.50 to C$17.00 in a research report on Friday, July 26th. Finally, Cormark raised their price objective on Mullen Group from C$18.75 to C$19.50 in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$18.25.

Read Our Latest Stock Report on MTL

Mullen Group Price Performance

Shares of TSE:MTL traded down C$0.03 during trading on Tuesday, reaching C$14.55. 81,007 shares of the company traded hands, compared to its average volume of 189,591. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$15.71. The firm has a market capitalization of C$1.28 billion, a PE ratio of 10.87, a PEG ratio of 1.81 and a beta of 1.83. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. The company’s 50 day moving average is C$14.29 and its two-hundred day moving average is C$13.78.

Mullen Group (TSE:MTLGet Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.07. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%. The business had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million. As a group, sell-side analysts predict that Mullen Group will post 1.321161 earnings per share for the current year.

About Mullen Group

(Get Free Report)

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.

Read More

Analyst Recommendations for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.