Mullen Group (TSE:MTL) Stock Price Expected to Rise, National Bank Financial Analyst Says
by Teresa Graham · The Cerbat GemMullen Group (TSE:MTL – Get Free Report) had its price target increased by analysts at National Bank Financial from C$19.00 to C$23.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 14.89% from the company’s previous close.
A number of other analysts have also recently commented on the company. Canadian Imperial Bank of Commerce upped their price target on Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Royal Bank Of Canada upped their price target on Mullen Group from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Finally, Scotiabank upped their price target on Mullen Group from C$18.50 to C$19.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$20.67.
Read Our Latest Stock Report on MTL
Mullen Group Stock Performance
MTL stock traded up C$0.58 during trading on Friday, reaching C$20.02. The stock had a trading volume of 318,424 shares, compared to its average volume of 289,918. Mullen Group has a 52 week low of C$12.86 and a 52 week high of C$20.19. The stock’s 50 day moving average is C$17.23 and its two-hundred day moving average is C$16.01. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 111.51. The firm has a market cap of C$1.92 billion, a PE ratio of 20.02, a PEG ratio of 1.81 and a beta of 0.76.
Mullen Group (TSE:MTL – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 EPS for the quarter. The business had revenue of C$547.70 million during the quarter. Mullen Group had a return on equity of 8.68% and a net margin of 4.27%.
Mullen Group Company Profile
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.