Marten Transport (MRTN) Stock Forecast & Price Target

$17.94 +1.48 (+8.99%)

(As of 11/6/2024 ET)

Marten Transport - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 3 Analyst Ratings

Sell
0

Hold
2

Buy
1

Based on 3 Wall Street analysts who have issued ratings for Marten Transport in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for MRTN.

Consensus Price Target

$20.00
11.48% Upside

According to the 3 analysts' twelve-month price targets for Marten Transport, the average price target is $20.00. The highest price target for MRTN is $21.00, while the lowest price target for MRTN is $19.00. The average price target represents a forecasted upside of 11.48% from the current price of $17.94.

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MRTN Analyst Ratings Over Time

Type	Current Forecast 11/7/23 to 11/6/24	1 Month Ago 10/8/23 to 10/7/24	3 Months Ago 8/9/23 to 8/8/24	1 Year Ago 11/7/22 to 11/7/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.00	$20.00	$20.00	$27.00
Forecasted Upside	11.48% Upside	18.41% Upside	14.61% Upside	49.34% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Buy

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MRTN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MRTN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Marten Transport Stock vs. The Competition

Type	Marten Transport	Transportation Companies	S&P 500
Consensus Rating Score	2.33	2.57	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	11.48% Upside	30.35% Upside	7.32% Upside
News Sentiment Rating	Positive News See Recent MRTN News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/14/2024	Raymond James 4 of 5 stars	D. Hicks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
7/9/2024	Vertical Research 4 of 5 stars	J. Kauffman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$22.00 ➝ $19.00	+7.34%
4/19/2024	Stephens 4 of 5 stars		Lower Target	Overweight ➝ Overweight	$23.00 ➝ $21.00	+26.81%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:33 PM ET.

MRTN Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Marten Transport is $20.00, with a high forecast of $21.00 and a low forecast of $19.00.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marten Transport in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MRTN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRTN, but not buy additional shares or sell existing shares.
: According to analysts, Marten Transport's stock has a predicted upside of 11.48% based on their 12-month stock forecasts.
: Over the previous 90 days, Marten Transport's stock had 1 downgrade by analysts.
: Marten Transport has been rated by research analysts at Raymond James in the past 90 days.
: Analysts like Marten Transport less than other "transportation" companies. The consensus rating for Marten Transport is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how MRTN compares to other companies.

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This page (NASDAQ:MRTN) was last updated on 11/6/2024 by MarketBeat.com Staff

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Marten Transport (MRTN) Stock Forecast & Price Target