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Mullen Group Ltd (MTL-T) has established itself as a reliable player in the trucking and logistics sector, particularly within the oil and gas industry. The company has grown steadily through acquisitions, enhancing its service offerings and turning it into a more diversified entity, although its performance remains closely tied to oil prices and drilling activities, making it somewhat volatile. Despite recent downturns, some experts believe it offers a fair P/E ratio under 10, suggesting a healthy, fairly priced business with low downside risk. The dividend yield of around 5% is deemed safe and generous, prompting some analysts to recommend it as a buy, though there are indications that they may prefer other options such as oil businesses. Overall, while there are mixed views, the consensus leans towards the belief that owning Mullen at this point could be beneficial for investors looking for exposure in this sector.
Trucking and logistics primarily to the oil and gas industry. Well run. Tough business. When oil does well, this one does very well. Good dividend. You could own it here, but he'd rather own an oil business instead.
Traditionally, its fortunes are tied to drilling activity and oil prices, though it has diversified. Can be volatile.
Done good job at transitioning company into broad variety of services (oil field etc.). P/E ratio under 10 which is healthy. Fairly priced business - good time for investors to buy. Doesn't see much downside in business. ~5% is safe and generous.
Has gone sideways as it consolidates. Been challenged in western Canada because oil prices are down, but will rise in 2024. MTL still has great funda mentals.
One of North America's largest logistics providers.
Defensive name that is good for low risk investors.
Large & diversified business.
Better names in the sector - but not a bad investment for the long term.
Record Q1 revenue with ~4% dividend yield.
Likes all transportation, especially this one.
Well-run and is more into transportation logistics in the last 5 years. Lacks the geographic footprint of TFII, and more regional. You can consider this, but prefers TFII.
Mullen Group Ltd is a Canadian stock, trading under the symbol MTL-T on the Toronto Stock Exchange (MTL-CT). It is usually referred to as TSX:MTL or MTL-T
In the last year, 4 stock analysts published opinions about MTL-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Mullen Group Ltd.
Mullen Group Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Mullen Group Ltd.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Mullen Group Ltd In the last year. It is a trending stock that is worth watching.
On 2025-03-14, Mullen Group Ltd (MTL-T) stock closed at a price of $12.93.
Grown by acquisition quite steadily over the years. Very good company and it won't hurt you, but he owns TFII instead.