Key Points
- Director Stephen Lockwood sold 3,500 shares of Mullen Group on May 14 at an average price of C$21.50, totaling C$75,250. After the sale, he still held 7,562 shares, cutting his ownership by 31.64%.
- Mullen Group shares were up 0.8% and opened at C$21.60, near their 52-week high of C$21.70. The company now has a market cap of about C$2.07 billion.
- Analysts remain generally positive, with five Buy ratings and three Hold ratings, giving the stock a consensus “Moderate Buy” and an average target price of C$20.67. Several firms recently raised their price targets, including Desjardins and National Bank Financial to C$23.00.
Mullen Group Ltd. (TSE:MTL - Get Free Report) Director Stephen Lockwood sold 3,500 shares of Mullen Group stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total value of C$75,250.00. Following the transaction, the director owned 7,562 shares of the company's stock, valued at approximately C$162,583. This represents a 31.64% decrease in their ownership of the stock.
Mullen Group Stock Up 0.8%
Shares of MTL stock opened at C$21.60 on Friday. The stock has a market cap of C$2.07 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.81 and a beta of 0.84. Mullen Group Ltd. has a twelve month low of C$12.98 and a twelve month high of C$21.70. The stock has a 50 day moving average of C$18.27 and a 200 day moving average of C$16.68. The company has a current ratio of 2.07, a quick ratio of 1.06 and a debt-to-equity ratio of 91.65.
Mullen Group (TSE:MTL - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported C$0.20 EPS for the quarter. The business had revenue of C$547.70 million during the quarter. Mullen Group had a return on equity of 8.72% and a net margin of 4.32%.
Mullen Group Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a $0.07 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. Mullen Group's payout ratio is 82.35%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Desjardins boosted their price objective on Mullen Group from C$20.00 to C$23.00 and gave the company a "buy" rating in a research report on Friday, April 24th. National Bank Financial boosted their price objective on Mullen Group from C$19.00 to C$23.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Scotiabank boosted their price objective on Mullen Group from C$19.00 to C$21.00 and gave the company a "sector perform" rating in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce boosted their price objective on Mullen Group from C$18.00 to C$20.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Finally, Acumen Capital boosted their price objective on Mullen Group from C$20.50 to C$22.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.67.
Read Our Latest Analysis on MTL
About Mullen Group
(
Get Free Report)
Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.
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