Key Points
- Insider sale: Joanna Kathryn Scott sold 40,000 Mullen Group shares at C$29.68 each for total proceeds of C$1.19 million, reducing her holdings by 88.89% to 5,000 shares.
- Financial performance: Mullen Group reported quarterly EPS of C$0.52 and revenue of C$653.17 million, with a 5.25% net margin and 10.58% return on equity.
- Analyst outlook: Analysts have a consensus “Moderate Buy” rating and an average price target of C$30.22, with recent targets ranging from C$30 to C$36.
Mullen Group Ltd. (TSE:MTL - Get Free Report) insider Joanna Kathryn Scott sold 40,000 shares of the company's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of C$29.68, for a total transaction of C$1,187,200.00. Following the sale, the insider owned 5,000 shares of the company's stock, valued at C$148,400. The trade was a 88.89% decrease in their position.
Mullen Group Stock Performance
Shares of TSE:MTL opened at C$29.86 on Friday. The firm's 50 day simple moving average is C$26.77 and its 200 day simple moving average is C$22.00. Mullen Group Ltd. has a fifty-two week low of C$13.92 and a fifty-two week high of C$32.47. The company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 86.15, a current ratio of 2.18 and a quick ratio of 1.06.
Mullen Group (TSE:MTL - Get Free Report) last posted its earnings results on Thursday, October 22nd. The company reported C$0.52 earnings per share (EPS) for the quarter. Mullen Group had a return on equity of 10.58% and a net margin of 5.25%. The firm had revenue of C$653.17 million during the quarter.
Analyst Ratings Changes
Several brokerages have issued reports on MTL. Scotia lifted their price target on shares of Mullen Group from C$30.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Friday, October 23rd. National Bank Financial increased their price objective on shares of Mullen Group from C$31.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Friday, October 23rd. Raymond James Financial raised their price objective on Mullen Group from C$25.00 to C$31.00 and gave the company a "market perform" rating in a report on Friday, October 23rd. Desjardins increased their price objective on Mullen Group from C$30.00 to C$31.00 and gave the company a "buy" rating in a report on Tuesday, October 20th. Finally, Scotiabank raised their target price on shares of Mullen Group from C$29.00 to C$30.00 and gave the company a "sector perform" rating in a research note on Thursday, October 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Mullen Group presently has a consensus rating of "Moderate Buy" and an average target price of C$30.22.
Check Out Our Latest Report 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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