National Bank Financial Downgrades Mullen Group (TSE:MTL) to Sector Perform

Share on StockTwits

National Bank Financial lowered shares of Mullen Group (TSE:MTL) from an outperform rating to a sector perform rating in a report published on Thursday morning, BayStreet.CA reports. National Bank Financial currently has C$11.00 price target on the stock, down from their previous price target of C$13.00.

MTL has been the topic of several other research reports. Royal Bank of Canada lowered their price target on Mullen Group from C$15.00 to C$14.00 and set an outperform rating on the stock in a report on Friday, April 26th. GMP Securities upgraded Mullen Group from a reduce rating to a hold rating and increased their price target for the company from C$8.75 to C$9.50 in a report on Friday, July 26th. CIBC upgraded Mullen Group from a neutral rating to an outperform rating in a report on Wednesday, July 3rd. Raymond James reiterated a strong-buy rating and set a C$12.50 price target on shares of Mullen Group in a report on Thursday, July 25th. Finally, Canaccord Genuity lowered their price objective on shares of Mullen Group from C$11.00 to C$10.50 in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Mullen Group presently has an average rating of Buy and an average target price of C$12.00.

Shares of MTL stock opened at C$8.95 on Thursday. Mullen Group has a 12 month low of C$8.65 and a 12 month high of C$16.93. The company has a quick ratio of 2.69, a current ratio of 3.18 and a debt-to-equity ratio of 67.24. The business’s 50 day moving average is C$9.61 and its two-hundred day moving average is C$10.78. The company has a market cap of $924.56 million and a PE ratio of -57.74.

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.05 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.70%. Mullen Group’s payout ratio is -387.10%.

About Mullen Group

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.

Further Reading: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report