Mullen Group (TSE:MTL – Free Report) had its price objective reduced by Royal Bank of Canada from C$17.00 to C$16.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other research analysts have also issued reports about the company. Cormark raised their price objective on Mullen Group from C$19.50 to C$20.00 in a research report on Friday, February 16th. TD Securities raised their target price on Mullen Group from C$21.00 to C$22.00 and gave the company a buy rating in a report on Friday, February 16th. National Bankshares decreased their price target on Mullen Group from C$19.50 to C$18.00 and set an outperform rating for the company in a report on Friday. CIBC dropped their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an outperform rating on the stock in a research note on Friday. Finally, Raymond James cut their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set a market perform rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$17.89.
View Our Latest Stock Report on MTL
Mullen Group Stock Down 0.2 %
Mullen Group (TSE:MTL – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.32 by C$0.02. The company had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. Sell-side analysts expect that Mullen Group will post 1.3498623 earnings per share for the current year.
Mullen Group Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.72 dividend on an annualized basis and a yield of 5.50%. Mullen Group’s dividend payout ratio (DPR) is 49.66%.
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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