Marten Transport, Ltd (MRTN) Receives $24.33 Consensus Price Target from Analysts

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Shares of Marten Transport, Ltd (NASDAQ:MRTN) have been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $24.33.

Several equities research analysts have weighed in on MRTN shares. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Finally, Stephens set a $22.00 price target on Marten Transport and gave the company a “hold” rating in a report on Wednesday, October 17th.

Shares of NASDAQ MRTN opened at $17.71 on Friday. Marten Transport has a 1-year low of $15.39 and a 1-year high of $29.60. The firm has a market capitalization of $951.47 million, a price-to-earnings ratio of 28.56 and a beta of 1.44.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Tuesday, October 16th. The transportation company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Marten Transport had a return on equity of 8.81% and a net margin of 13.62%. The firm had revenue of $199.60 million for the quarter, compared to analyst estimates of $203.10 million. During the same period last year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. Equities analysts anticipate that Marten Transport will post 0.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, December 17th. Marten Transport’s dividend payout ratio (DPR) is 16.13%.

Several institutional investors and hedge funds have recently modified their holdings of MRTN. Verition Fund Management LLC acquired a new position in shares of Marten Transport during the third quarter valued at $236,000. Atria Investments LLC grew its holdings in Marten Transport by 31.4% during the third quarter. Atria Investments LLC now owns 12,337 shares of the transportation company’s stock worth $260,000 after acquiring an additional 2,948 shares during the period. SG Americas Securities LLC acquired a new position in Marten Transport during the second quarter worth about $304,000. United Services Automobile Association grew its holdings in Marten Transport by 33.4% during the second quarter. United Services Automobile Association now owns 14,460 shares of the transportation company’s stock worth $339,000 after acquiring an additional 3,620 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in Marten Transport during the third quarter worth about $493,000. 69.95% of the stock is currently owned by institutional investors.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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