Mullen Group (TSE:MTL) Price Target Raised to C$17.00 at Raymond James

Mullen Group (TSE:MTL) had its price target raised by Raymond James from C$16.50 to C$17.00 in a report issued on Friday morning, BayStreet.CA reports. Raymond James also issued estimates for Mullen Group’s FY2027 earnings at $1.52 EPS and FY2028 earnings at $1.71 EPS.

Several other research analysts have also issued reports on MTL. BMO Capital Markets dropped their price objective on Mullen Group from C$16.00 to C$14.50 in a research note on Friday, April 26th. National Bankshares decreased their target price on Mullen Group from C$19.50 to C$18.00 and set an outperform rating on the stock in a report on Friday, April 26th. Scotiabank decreased their target price on Mullen Group from C$20.00 to C$19.00 and set an outperform rating on the stock in a report on Friday, April 26th. Cormark increased their target price on Mullen Group from C$18.75 to C$19.50 in a report on Friday. Finally, CIBC decreased their target price on Mullen Group from C$16.00 to C$15.50 and set an outperform rating on the stock in a report on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$18.33.

Mullen Group Stock Performance

Shares of TSE MTL opened at C$14.95 on Friday. The business has a fifty day simple moving average of C$13.14 and a 200 day simple moving average of C$13.96. The company has a current ratio of 0.78, a quick ratio of 1.06 and a debt-to-equity ratio of 80.16. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.81 and a beta of 1.81. Mullen Group has a one year low of C$12.47 and a one year high of C$16.02.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Wednesday, July 31st. Mullen Group’s dividend payout ratio is 52.55%.

Insider Buying and Selling at Mullen Group

In related news, Senior Officer Carson Paul Urlacher bought 25,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were purchased at an average price of C$12.90 per share, with a total value of C$322,500.00. Insiders own 6.30% of the company’s stock.

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.