Mullen Group (TSE:MTL) Price Target Raised to C$17.50

Mullen Group (TSE:MTL) had its target price raised by investment analysts at CIBC from C$16.50 to C$17.50 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 14.68% from the stock’s current price.

MTL has been the topic of several other reports. BMO Capital Markets raised Mullen Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$14.50 to C$17.00 in a report on Friday, July 26th. Raymond James boosted their price objective on Mullen Group from C$17.25 to C$18.75 in a research note on Friday. TD Securities dropped their price objective on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Royal Bank of Canada boosted their price objective on Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. Finally, Cormark boosted their price objective on Mullen Group from C$18.75 to C$19.50 in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$18.86.

Mullen Group Stock Down 1.6 %

Shares of MTL opened at C$15.26 on Friday. The company has a market capitalization of C$1.34 billion, a PE ratio of 11.39, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$15.72. The stock’s 50-day moving average price is C$14.33 and its two-hundred day moving average price is C$13.78. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Mullen Group (TSE:MTL) last announced its earnings results on Thursday, July 25th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.07. The firm had revenue of C$495.60 million for the quarter, compared to the consensus estimate of C$490.50 million. Mullen Group had a return on equity of 12.74% and a net margin of 6.30%.

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.