Canadian Imperial Bank of Commerce Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

by · The Cerbat Gem

Mullen Group (TSE:MTL – Free Report) had its price target raised by Canadian Imperial Bank of Commerce from C$18.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has a neutral rating on the stock.

Several other research firms also recently commented on MTL. Acumen Capital raised their price objective on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday. National Bank Financial increased their price target on Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank increased their price target on Mullen Group from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Friday. Royal Bank Of Canada raised their price target on Mullen Group from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Finally, Desjardins lifted their price objective on Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$20.67.

Check Out Our Latest Research Report on MTL

Mullen Group Price Performance

Shares of MTL stock opened at C$19.95 on Friday. The company has a debt-to-equity ratio of 91.65, a current ratio of 2.07 and a quick ratio of 1.06. The company has a market capitalization of C$1.91 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.81 and a beta of 0.76. The company’s 50-day simple moving average is C$17.29 and its two-hundred day simple moving average is C$16.05. Mullen Group has a one year low of C$12.86 and a one year high of C$20.19.

Mullen Group (TSE:MTL – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$547.70 million during the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%.

Mullen Group Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were issued a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, February 27th. Mullen Group’s dividend payout ratio (DPR) is presently 84.00%.

Key Mullen Group News

Here are the key news stories impacting Mullen Group this week:

  • Positive Sentiment: National Bank Financial raised its price target to C$23.00 and gave an “outperform” rating — a meaningful upgrade implying ~15% upside from recent levels. BayStreet Article
  • Positive Sentiment: Desjardins boosted its target to C$23.00 and set a “buy” rating, matching the highest new targets and reinforcing bullish analyst sentiment. BayStreet Article
  • Positive Sentiment: Acumen Capital raised its target to C$22.00 and kept a “buy” rating, contributing to the cluster of buy-side re-ratings. BayStreet Article
  • Positive Sentiment: Royal Bank of Canada lifted its target to C$21.00 and maintained an “outperform” call, adding institutional credibility to the upside case. BayStreet Article
  • Neutral Sentiment: Scotiabank bumped its target to C$21.00 but kept a “sector perform” view — a modest endorsement that signals steady fundamentals rather than a strong upgrade. BayStreet Article
  • Neutral Sentiment: CIBC raised its target to C$20.00 and kept a “neutral” rating, reflecting a small upside and a cautious stance despite the higher target. BayStreet Article TickerReport
  • Negative Sentiment: Raymond James raised its target to C$18.00 but left a “market perform” rating; the new target sits below current levels, representing a near 10% downside and a more conservative view. BayStreet Article
  • Neutral Sentiment: Mullen’s quarterly report (C$0.20 EPS, C$547.7M revenue) was published and followed by a conference call; the numbers are supportive but not transformational on their own. Press Release
  • Neutral Sentiment: Media roundup highlighted Mullen as a small-cap to watch around earnings, increasing visibility but not necessarily changing fundamentals. Globe & Mail

Mullen Group Company Profile

(Get Free Report)

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.

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