Raymond James Has Lowered Expectations for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price objective cut by Raymond James from C$18.50 to C$17.50 in a research note issued to investors on Friday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets lifted their price target on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Scotiabank dropped their target price on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. National Bankshares increased their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Cormark lowered their price target on shares of Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, CIBC upped their price objective on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Mullen Group currently has an average rating of “Moderate Buy” and a consensus price target of C$18.86.

Mullen Group Trading Up 2.1 %

MTL stock opened at C$13.46 on Friday. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 1.81 and a beta of 1.82. The business has a fifty day moving average price of C$14.76 and a 200 day moving average price of C$14.65. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, January 31st. Mullen Group’s dividend payout ratio (DPR) is currently 60.92%.

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.