Mullen Group (TSE:MTL – Get Free Report) had its price target lowered by stock analysts at CIBC from C$16.00 to C$15.50 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 19.51% from the company’s previous close.
Several other research analysts have also commented on the company. National Bankshares reduced their price target on Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Scotiabank lowered their target price on Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets lowered their target price on Mullen Group from C$16.00 to C$14.50 in a research note on Friday, April 26th. Royal Bank of Canada lowered their target price on Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Raymond James lowered their target price on Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$17.83.
Get Our Latest Research Report on MTL
Mullen Group Price Performance
Mullen Group (TSE:MTL – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.05). The business had revenue of C$462.60 million for the quarter, compared to analysts’ expectations of C$501.00 million. Mullen Group had a net margin of 6.49% and a return on equity of 13.19%. As a group, research analysts anticipate that Mullen Group will post 1.2780488 EPS for the current year.
Insider Buying and Selling at Mullen Group
In other Mullen Group news, Senior Officer Carson Paul Urlacher purchased 25,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of C$12.90 per share, for a total transaction of C$322,500.00. 6.30% of the stock is owned by insiders.
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.
Recommended Stories
- Five stocks we like better than Mullen Group
- What is the NASDAQ Stock Exchange?
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Following Congress Stock Trades
- GitLab Stock Rebounds: The Inside Story of Its Comeback
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.