Scotiabank Has Weak Outlook for Mullen Group FY2027 Earnings

Mullen Group Ltd. (TSE:MTL) – Stock analysts at Scotiabank cut their FY2027 EPS estimates for Mullen Group in a report released on Thursday, February 19th. Scotiabank analyst K. Gupta now anticipates that the company will earn $1.18 per share for the year, down from their previous estimate of $1.19. Scotiabank currently has a “Sector Perform” rating and a $18.50 target price on the stock.

MTL has been the topic of several other research reports. Raymond James Financial downgraded shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Canadian Imperial Bank of Commerce lifted their price target on Mullen Group from C$15.00 to C$17.00 in a research note on Thursday, January 8th. National Bank Financial increased their price objective on Mullen Group from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Desjardins raised their target price on Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, BMO Capital Markets lifted their target price on Mullen Group from C$16.00 to C$18.00 in a research report on Monday, December 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$17.95.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$17.17 on Monday. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$17.74. The stock’s 50 day moving average is C$16.56 and its 200-day moving average is C$15.03. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.81 and a beta of 0.78.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.15 earnings per share for the quarter. Mullen Group had a return on equity of 12.39% and a net margin of 6.18%.The business had revenue of C$533.88 million for the quarter.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.