Mullen Group Ltd. (TSE:MTL) – Raymond James Financial raised their Q1 2017 earnings per share estimates for Mullen Group in a research report issued on Friday. Raymond James Financial analyst A. Bradford now forecasts that the firm will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.21. Raymond James Financial has a “Market Perform” rating and a $16.50 price objective on the stock. Raymond James Financial also issued estimates for Mullen Group’s Q1 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.02 EPS.
A number of other research firms also recently commented on MTL. TD Securities boosted their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. RBC Capital Markets boosted their target price on shares of Mullen Group from C$19.00 to C$21.00 in a report on Friday. Scotiabank reiterated an “outperform” rating and issued a C$16.00 target price on shares of Mullen Group in a report on Thursday, July 21st. Royal Bank Of Canada boosted their target price on shares of Mullen Group from C$19.00 to C$21.00 in a report on Friday. Finally, AltaCorp Capital reiterated a “sector perform” rating on shares of Mullen Group in a report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$17.94.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States.
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