Mullen Group Ltd (MTL.TO) Buy, Sell or Hold

Mullen Group Ltd (MTL.TO)

26.58

+0.39 (1.49%)

as of Sep 25, 2026, 8:00:00 pm Market Open.

145 watching

WEAK BUY

Benefiting from consumer spending. In a good pricing environment, pushing margins up. Less-than-truckload, warehousing, and logistics all seem to be fairly strong. Could be a good place to be if they see some uptick in specialty and industrial segments. Reasonable valuation.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick May 26/22, Down 8.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MTL has triggered its stop at $11.50. To remain disciplined, we recommend covering the position at this time. This will result in a next investment loss of 11%, when combined with previous buy recommendations.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly With recently reported EPS up 58% over the year, this provider of trucking and logistics services in Canada and the US, is again reiterated as a TOP PICK. Margins are flat, meaning inflation costs are being passed on to customers and insiders continue to buy the stock. It trades at 1.3x book value. Its monthly dividend yields 5.67% and is backed by a payout ratio of 65% of earnings. We continue to recommend a tight stop loss at $11.50, looking to achieve $16.00 - upside potential over 28%. Yield 5.9% (Analysts’ price target is $16.11)

PARTIAL BUY

He models $16.57, so 28% upside. But are you bullish or bearish about this year? He's bearish, expects a recession in Q3, when this falls back to $4-5. Buy a half position, especially at lower prices.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly As a provider of trucking and logistics services in Canada and the US, and being on the frontline of supply chain network, we again reiterate MTL as a TOP PICK. Recently reported revenue was up 48% over the year, beating expectations by 8%. It pays a good dividend backed by a payout ratio under 65% of cash flow. We recommend trailing up the stop (from $10.50) to $11.50, looking to achieve $16.00 - upside potential over 18%. Yield 4.5% (Analysts’ price target is $15.94)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly As a provider of trucking and logistics services in Canada and the US, we reiterate MTL as a TOP PICK. Being of the frontline of the supply chain network, the company will one of the first to benefit from a return to a normal economy. Last month the company announced a 25% dividend increase as it feels it will be in a superior cash position in 2022. Trading at under 1.3x book, it is good value here. It is trading a good value here at 18x earnings and only 1.4x book value. It pays a good dividend backed by a payout ratio under 70% of cash flow. We continue to recommend a stop loss at $10.50, looking to achieve $16.00 - upside potential over 33%. Yield 4.08% (Analysts’ price target is $15.94)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly MTL provides trucking and logistics services in Canada and the US. As the economy continues to reopen in North America, the company will benefit from continued demand for its expertise. Recently reported earnings of $0.21 beat analyst expectations of $0.19 for the quarter. It is trading a good value here at 18x earnings and only 1.4x book value. It pays a good dividend backed by a payout ratio of 57% of cash flow. We would buy this with a stop loss at $10.50, looking to achieve $16.00 - upside potential over 16%. Yield 3.54% (Analysts’ price target is $15.80)

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Some weakness after earnings would not be a surprise after running up 34% this year. Targets are going up after the release and there is not much to pick on that would justify the weakness. Unlock Premium - Try 5i Free

BUY

Has always admired management execution. Successfully transformed from oil to general trucking. He'd be interested if it traded 10-15% lower. You could buy, tuck it away, and hold for a long time.

PAST TOP PICK

(A Top Pick Oct 28/19, Up 3%) MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. He sold them out of his equity portfolio but still owns them in his bond portfolio. He is very familiar with the company and they have a very consistent track record. There is an imbedded call option in the share that triggers if it gets above $14.

TOP PICK

Convertible bonds with a 5.75% coupon They own a great base of real estate. The debt issue is a small piece. The bond is well-covered. MTL.DV-T. You get a 6-year option on the stock within the bond, with a $14 convert price. If oil recovers, these bonds will convert into equity. Until then, collect then. It's stable. Term lasts to Sept. 2020.

PAST TOP PICK

(A Top Pick Nov 15/18, Down 37%) Canadian oil remains troubled. At the time, Mullen had decent value, but that has declined in the past year. Disappointed.

HOLD

Excellent managers. Half-trucking, half-oil service. They did a convertible debenture which he bought instead of the common stock (and he's up now). If the stock rises, they will do more acquisitions. Good long term.

TOP PICK

MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. It is a consistent business with a great track record making acquisitions and operating in all kinds of business cycles. It is a great way to play the company.

HOLD

He likes this a lot, but it's misunderstood. Analysts don't value it like a transportation company--but it is. MTL is pulled down with energy service stocks. He's waiting for this to turn around before buying. If you own it, hold it.

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Mullen Group Ltd (MTL.TO)