Mullen Group (TSE:MTL) PT Lowered to C$16.00 at Royal Bank of Canada

Mullen Group (TSE:MTL) had its target price lowered by investment analysts at Royal Bank of Canada from C$17.00 to C$16.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 21.12% from the company’s current price.

Several other equities analysts also recently commented on MTL. Scotiabank dropped their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday. Cormark increased their price objective on shares of Mullen Group from C$19.50 to C$20.00 in a research note on Friday, February 16th. National Bankshares dropped their price target on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James dropped their price target on shares of Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating for the company in a research note on Friday. Finally, TD Securities raised their price target on shares of Mullen Group from C$21.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$17.89.

Mullen Group Price Performance

TSE:MTL traded up C$0.09 on Friday, hitting C$13.21. The company had a trading volume of 387,734 shares, compared to its average volume of 154,776. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.81 and a beta of 1.79. The company has a current ratio of 0.76, a quick ratio of 1.06 and a debt-to-equity ratio of 78.38. The firm has a 50 day moving average of C$14.70 and a two-hundred day moving average of C$14.21. Mullen Group has a 52 week low of C$12.82 and a 52 week high of C$16.43.

Mullen Group (TSE:MTL) last issued its quarterly earnings data on Thursday, February 15th. The company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.32 by C$0.02. The business had revenue of C$498.60 million during the quarter, compared to the consensus estimate of C$500.00 million. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. On average, research analysts anticipate that Mullen Group will post 1.3498623 earnings per share for the current year.

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.