Marten Transport (NASDAQ:MRTN) Stock Price Target Cut by Stephens

Marten Transport (NASDAQ:MRTN) had its price target cut by Stephens from $15.00 to $12.50 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Stephens‘s price objective would suggest a potential upside of 1.63% from the company’s previous close.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Marten Transport in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Marten Transport presently has a consensus rating of “Moderate Buy” and an average price target of $12.50.

Marten Transport Stock Performance

NASDAQ:MRTN opened at $12.30 on Friday. Marten Transport has a fifty-two week low of $9.35 and a fifty-two week high of $18.48. The firm has a market cap of $1.00 billion, a PE ratio of 72.35 and a beta of 1.00. The business has a 50 day moving average price of $13.62 and a 200-day moving average price of $15.24.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, October 22nd. The transportation company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $223.23 million for the quarter, compared to analysts’ expectations of $230.37 million. Marten Transport had a net margin of 1.47% and a return on equity of 1.65%. Research analysts predict that Marten Transport will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Marten Transport

Institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC raised its stake in shares of Marten Transport by 1,661.7% in the third quarter. Fortitude Family Office LLC now owns 2,114 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 1,994 shares during the period. Global Retirement Partners LLC acquired a new stake in Marten Transport during the second quarter worth approximately $36,000. Integrated Wealth Concepts LLC acquired a new position in shares of Marten Transport in the 2nd quarter valued at $45,000. Public Employees Retirement System of Ohio acquired a new position in Marten Transport during the 2nd quarter worth approximately $51,000. Finally, State of Wyoming acquired a new stake in shares of Marten Transport in the first quarter valued at about $68,000. 69.12% of the stock is owned by institutional investors.

About Marten Transport

Marten Transport, Inc is a transportation and logistics company headquartered in Mondovi, Wisconsin. Founded in 1946, the company began as a regional carrier and has developed into a provider of temperature-sensitive and dry freight transportation services.

The company’s operations include refrigerated and dry truck-based transportation, dedicated transportation, intermodal services, and brokerage. Marten Transport serves customers across a range of industries, including food and consumer products, using refrigerated trailers, dry vans, intermodal equipment, and related logistics capabilities.

Marten Transport primarily serves the contiguous United States and also provides transportation services involving Canada and Mexico.