Mullen Group Ltd. (TSE:MTL – Get Free Report) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$18.33.
A number of equities analysts have recently issued reports on the stock. National Bankshares lowered their target price on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research report on Friday, April 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. Scotiabank lowered their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada lifted their price objective on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. Finally, Cormark lifted their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th.
View Our Latest Research Report on Mullen Group
Mullen Group Stock Performance
Mullen Group (TSE:MTL – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. The business had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%. As a group, equities analysts predict that Mullen Group will post 1.2195122 EPS for the current year.
Mullen Group Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 16th will be issued a $0.07 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 5.81%. This is an increase from Mullen Group’s previous monthly dividend of $0.06. Mullen Group’s dividend payout ratio (DPR) is 62.69%.
About Mullen Group
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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