Marten Transport (NASDAQ:MRTN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm currently has a $24.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.84% from the company’s current price.
According to Zacks, “Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time- sensitive transportation in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Marten operates through these featured services – Truckload, Dedicated, Intermodal and Brokerage. Marten Transport offers service in the United States, Canada and Mexico, concentrating on expedited movements for high-volume customers. Marten’s common stock is traded on the Nasdaq Global Select Market under the symbol MRTN and is headquartered in Mondovi, Wisconsin. “
Other research analysts also recently issued research reports about the company. BidaskClub upgraded Marten Transport from a “hold” rating to a “buy” rating in a report on Tuesday. Stephens reiterated a “buy” rating and issued a $25.00 price objective on shares of Marten Transport in a report on Wednesday, January 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price objective on shares of Marten Transport in a report on Sunday, October 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Marten Transport has a consensus rating of “Buy” and a consensus target price of $21.33.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $170.70 million for the quarter, compared to the consensus estimate of $169.67 million. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. analysts expect that Marten Transport will post 0.62 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in MRTN. SG Americas Securities LLC purchased a new position in Marten Transport during the 2nd quarter valued at about $116,000. Sei Investments Co. increased its holdings in Marten Transport by 109.8% during the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 3,244 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Marten Transport by 60.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 3,017 shares during the period. First Republic Investment Management Inc. purchased a new position in Marten Transport during the 3rd quarter valued at about $229,000. Finally, Stevens Capital Management LP purchased a new position in Marten Transport during the 3rd quarter valued at about $231,000. Institutional investors own 68.40% of the company’s stock.
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Marten Transport Company Profile
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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