Mullen Group Ltd (TSE:MTL) – Stock analysts at National Bank Financial lowered their Q4 2017 EPS estimates for shares of Mullen Group in a report issued on Thursday, according to Zacks Investment Research. National Bank Financial analyst G. Colman now expects that the company will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.11. National Bank Financial currently has a “Sector Perform” rating and a $16.50 target price on the stock.
A number of other research analysts also recently commented on the company. TD Securities lowered their target price on Mullen Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a research report on Friday, December 15th. Scotiabank lowered their target price on Mullen Group from C$17.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Thursday, December 14th. CIBC lowered their price target on Mullen Group from C$19.00 to C$18.00 in a research report on Thursday, December 14th. Industrial Alliance Securities lowered their price target on Mullen Group from C$20.00 to C$19.00 and set a “strong-buy” rating for the company in a research report on Tuesday, December 12th. Finally, Canaccord Genuity lowered their price target on Mullen Group from C$19.00 to C$18.00 in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Mullen Group currently has a consensus rating of “Hold” and a consensus target price of C$17.42.
Mullen Group (TSE MTL) traded down C$0.05 during midday trading on Monday, hitting C$15.92. The stock had a trading volume of 93,332 shares, compared to its average volume of 83,045. The company has a market cap of $1,650.00, a P/E ratio of 27.93 and a beta of 0.38. Mullen Group has a 52-week low of C$14.44 and a 52-week high of C$20.01.
The firm also recently announced a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.26%. Mullen Group’s dividend payout ratio (DPR) is 68.42%.
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About Mullen Group
Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.
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