Desjardins Has Weak Outlook for Mullen Group FY2025 Earnings

Mullen Group Ltd. (TSE:MTL) – Equities research analysts at Desjardins dropped their FY2025 EPS estimates for shares of Mullen Group in a note issued to investors on Thursday, July 24th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.13 per share for the year, down from their previous estimate of $1.18. Desjardins currently has a “Buy” rating and a $18.00 target price on the stock. Desjardins also issued estimates for Mullen Group’s Q4 2025 earnings at $0.31 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.66 EPS.

MTL has been the topic of several other reports. National Bankshares decreased their price target on shares of Mullen Group from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Scotiabank lowered shares of Mullen Group from a “strong-buy” rating to a “hold” rating and decreased their price target for the company from C$16.50 to C$16.00 in a report on Thursday, July 10th. TD Securities lifted their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, July 25th. Raymond James Financial set a C$16.75 price target on shares of Mullen Group and gave the company an “outperform” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada decreased their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.25.

Mullen Group Trading Up 0.1%

Shares of Mullen Group stock opened at C$13.38 on Monday. The firm has a market capitalization of C$1.19 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The firm’s 50 day moving average is C$14.08 and its 200 day moving average is C$13.67. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.