Mullen Group (MTL) PT Lowered to C$14.00 at Royal Bank of Canada

Mullen Group (TSE:MTL) had its price objective trimmed by Royal Bank of Canada from C$15.00 to C$14.00 in a report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

MTL has been the subject of a number of other reports. National Bank Financial dropped their price target on shares of Mullen Group from C$18.50 to C$16.50 and set an outperform rating for the company in a research report on Friday, January 25th. Raymond James raised shares of Mullen Group from a market perform rating to an outperform rating and set a C$15.60 target price on the stock in a report on Friday, February 1st. Canaccord Genuity lowered their target price on shares of Mullen Group from C$14.50 to C$13.50 in a report on Thursday, January 10th. BMO Capital Markets lowered their target price on shares of Mullen Group from C$16.00 to C$13.00 in a report on Friday, February 8th. Finally, GMP Securities lowered their target price on shares of Mullen Group from C$13.50 to C$12.50 in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$14.93.

MTL opened at C$10.55 on Friday. The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of -32.76. Mullen Group has a 1-year low of C$10.54 and a 1-year high of C$16.93. The company has a debt-to-equity ratio of 61.72, a current ratio of 1.82 and a quick ratio of 1.50.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Wednesday, February 6th. The company reported C$0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.18 by C($0.02). The business had revenue of C$333.30 million for the quarter, compared to analyst estimates of C$330.75 million. Equities research analysts anticipate that Mullen Group will post 0.729999989620853 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend is Monday, April 29th. Mullen Group’s dividend payout ratio (DPR) is presently -186.34%.

Mullen Group Company Profile

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.

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Analyst Recommendations for Mullen Group (TSE:MTL)

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