Marten Transport Price Target Cut to $23.00 (MRTN)
Wunderlich cut their target price on shares of Marten Transport (NASDAQ:MRTN) from $24.00 to $23.00 in a research note issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would indicate a potential upside of 19.05% from the stock’s previous close.
Marten Transport (NASDAQ:MRTN) opened at 19.55 on Wednesday. Marten Transport has a 1-year low of $12.3333 and a 1-year high of $21.47. The stock’s 50-day moving average is $19.6 and its 200-day moving average is $18.31. The company has a market cap of $651.0 million and a price-to-earnings ratio of 21.47.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $168.74 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Marten Transport will post $1.08 EPS for the current fiscal year.
Separately, analysts at KeyCorp raised their price target on shares of Marten Transport from $21.00 to $23.00 in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.72.
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment.
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