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Mullen Group ( (TSE:MTL) ) has issued an update.
Mullen Group Ltd. has approved a 2026 business plan that targets record performance, underpinned by expected contributions from 2025 acquisitions, tightening supply-demand dynamics in the trucking sector, anticipated modest growth in the Canadian economy, and potential upside from large-scale resource and nation-building projects. For 2026, the company is aiming for consolidated revenues of $2.3–$2.4 billion and adjusted operating income before depreciation and amortization of $365 million, supported by capital expenditures of $85 million across its core segments and ongoing cost discipline and technology investments. Management characterizes 2025 as a difficult year marked by trade disputes, stalled private-sector capital spending, flat Canadian economic growth and competitive freight markets, yet the company still expects to report roughly $2.1 billion in revenue and about $323 million in adjusted OIBDA, largely sustained by strategic acquisitions, signaling resilience and positioning it for stronger results in 2026.
The most recent analyst rating on (TSE:MTL) stock is a Hold with a C$17.00 price target. To see the full list of analyst forecasts on Mullen Group stock, see the TSE:MTL Stock Forecast page.
Spark’s Take on TSE:MTL Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTL is a Outperform.
Mullen Group’s overall stock score reflects its solid financial performance and attractive valuation, supported by strong cash flow and a reasonable P/E ratio. The technical analysis indicates a strong upward trend, though caution is advised due to overbought signals. The earnings call provided positive insights into the company’s growth strategy through acquisitions, despite challenges in certain segments.
To see Spark’s full report on TSE:MTL stock, click here.
More about Mullen Group
Mullen Group Ltd., listed on the TSX under the symbol MTL, is a Canadian-based transportation and logistics company operating 42 independently managed business units. The group focuses on less-than-truckload, logistics and warehousing, specialized and industrial services, and U.S. and international logistics, serving freight and resource-related markets across Canada and beyond.
Average Trading Volume: 187,940
Technical Sentiment Signal: Buy
Current Market Cap: C$1.6B
See more data about MTL stock on TipRanks’ Stock Analysis page.