Marten Transport (MRTN) Stock Forecast, Price Target & Predictions
MRTN Stock Forecast
Marten Transport stock forecast is as follows: an average price target of $22.50 (represents a 46.48% upside from MRTN’s last price of $15.36) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.
MRTN Price Target
The average price target for Marten Transport (MRTN) is $22.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $20.00. This represents a potential 46.48% upside from MRTN's last price of $15.36.
MRTN Analyst Ratings
According to 3 Wall Street analysts, Marten Transport's rating consensus is 'Hold'. The analyst rating breakdown for MRTN stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Marten Transport Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 15, 2024 | David Hicks | Raymond James | $20.00 | $18.04 | 10.86% | 30.21% |
| Jan 10, 2024 | Jeffrey Kauffman | Vertical Research | $25.00 | $20.01 | 24.94% | 62.76% |
The latest Marten Transport stock forecast, released on May 15, 2024 by David Hicks from Raymond James, set a price target of $20.00, which represents a 10.86% increase from the stock price at the time of the forecast ($18.04), and a 30.21% increase from MRTN last price ($15.36).
Marten Transport Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $20.00 |
| Last Closing Price | $15.36 | $15.36 | $15.36 |
| Upside/Downside | -100.00% | -100.00% | 30.21% |
In the current month, the average price target of Marten Transport stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Marten Transport's last price of $15.36. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Raymond James | Market Perform | Downgrade | |
| Jul 09, 2024 | Vertical Research | Buy | Hold | Downgrade |
| Jan 10, 2024 | Vertical Research | Buy | Upgrade | |
| Oct 18, 2022 | Stephens | Overweight | Overweight | Hold |
Marten Transport's last stock rating was published by Raymond James on Oct 14, 2024. The company Downgrade its MRTN rating from "null" to "Market Perform".
Marten Transport Financial Forecast
Marten Transport Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $268.22M | $279.54M | $285.67M | $298.02M | $322.58M | $324.45M | $329.56M | $287.28M | $266.88M | $251.28M | $232.44M | $223.05M | $227.33M | $216.01M | $212.38M | $218.65M | $217.19M | $214.97M |
| Avg Forecast | $293.45M | $286.10M | $274.60M | $258.70M | $251.73M | $249.60M | $242.23M | $228.79M | $234.34M | $240.98M | $249.11M | $262.77M | $271.62M | $280.65M | $296.93M | $309.89M | $316.33M | $318.91M | $290.70M | $263.02M | $262.42M | $237.38M | $239.37M | $224.72M | $226.80M | $219.57M | $205.38M | $207.55M | $206.73M | $208.10M |
| High Forecast | $295.48M | $288.08M | $276.50M | $260.49M | $253.47M | $251.33M | $243.90M | $230.38M | $235.96M | $245.35M | $249.11M | $262.77M | $278.69M | $282.59M | $298.99M | $312.04M | $317.73M | $318.91M | $290.70M | $263.02M | $262.42M | $237.38M | $239.37M | $224.72M | $226.80M | $219.57M | $205.38M | $207.55M | $206.73M | $208.10M |
| Low Forecast | $292.13M | $284.81M | $273.36M | $257.53M | $250.59M | $248.47M | $241.13M | $227.76M | $233.29M | $236.60M | $249.11M | $262.77M | $264.56M | $279.39M | $295.59M | $308.49M | $314.88M | $318.91M | $290.70M | $263.02M | $262.42M | $237.38M | $239.37M | $224.72M | $226.80M | $219.57M | $205.38M | $207.55M | $206.73M | $208.10M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.00% | 0.96% | 0.96% | 1.02% | 1.02% | 1.13% | 1.09% | 1.02% | 1.06% | 0.97% | 0.99% | 1.00% | 0.98% | 1.03% | 1.05% | 1.05% | 1.03% |
Marten Transport's average Quarter revenue forecast for Mar 24 based on 1 analysts is $262.77M, with a low forecast of $262.77M, and a high forecast of $262.77M. MRTN's average Quarter revenue forecast represents a -2.03% decrease compared to the company's last Quarter revenue of $268.22M (Dec 23).
Marten Transport EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $42.60M | $11.20M | $21.11M | $18.52M | $26.87M | $31.63M | $31.31M | $26.78M | $56.66M | $53.88M | $54.07M | $49.70M | $51.48M | $50.00M | $51.24M | $43.56M | $43.89M | $44.58M |
| Avg Forecast | $56.95M | $55.52M | $53.29M | $50.21M | $48.85M | $48.44M | $47.01M | $44.40M | $45.48M | $46.77M | $48.35M | $63.05M | $52.71M | $54.47M | $57.63M | $57.32M | $52.73M | $31.71M | $28.90M | $45.31M | $26.09M | $23.60M | $23.80M | $44.73M | $22.55M | $21.83M | $20.42M | $40.83M | $20.55M | $20.69M |
| High Forecast | $57.34M | $55.91M | $53.66M | $50.55M | $49.19M | $48.78M | $47.33M | $44.71M | $45.79M | $47.62M | $48.35M | $75.66M | $54.09M | $54.84M | $58.02M | $68.79M | $63.28M | $31.71M | $28.90M | $54.38M | $26.09M | $23.60M | $23.80M | $53.67M | $22.55M | $21.83M | $20.42M | $49.00M | $20.55M | $20.69M |
| Low Forecast | $56.69M | $55.27M | $53.05M | $49.98M | $48.63M | $48.22M | $46.80M | $44.20M | $45.27M | $45.92M | $48.35M | $50.44M | $51.34M | $54.22M | $57.37M | $45.86M | $42.19M | $31.71M | $28.90M | $36.25M | $26.09M | $23.60M | $23.80M | $35.78M | $22.55M | $21.83M | $20.42M | $32.67M | $20.55M | $20.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.21% | 0.37% | 0.32% | 0.51% | 1.00% | 1.08% | 0.59% | 2.17% | 2.28% | 2.27% | 1.11% | 2.28% | 2.29% | 2.51% | 1.07% | 2.14% | 2.15% |
1 analysts predict MRTN's average Quarter EBITDA for Mar 24 to be $63.05M, with a high of $75.66M and a low of $50.44M. This is 48.00% upper than Marten Transport's previous annual EBITDA (Dec 23) of $42.60M.
Marten Transport Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $12.40M | $13.60M | $21.87M | $22.50M | $25.51M | $25.65M | $31.66M | $27.53M | $24.73M | $21.27M | $21.42M | $18.01M | $19.60M | $18.04M | $18.13M | $13.72M | $15.75M | $16.59M |
| Avg Forecast | $16.71M | $15.48M | $14.67M | $10.59M | $10.63M | $9.15M | $7.48M | $4.80M | $4.97M | $5.28M | $9.33M | $28.00M | $14.69M | $14.81M | $22.54M | $25.45M | $23.02M | $27.37M | $26.19M | $20.12M | $21.31M | $20.82M | $21.12M | $16.21M | $17.65M | $16.15M | $12.49M | $12.86M | $15.02M | $15.20M |
| High Forecast | $16.86M | $15.62M | $14.80M | $10.69M | $10.73M | $9.23M | $7.54M | $4.85M | $5.01M | $5.33M | $9.35M | $33.60M | $14.82M | $14.94M | $22.74M | $30.54M | $27.62M | $27.37M | $26.19M | $24.14M | $21.31M | $20.82M | $21.12M | $19.45M | $17.65M | $16.15M | $12.49M | $15.43M | $15.02M | $15.20M |
| Low Forecast | $16.61M | $15.39M | $14.58M | $10.53M | $10.57M | $9.09M | $7.43M | $4.78M | $4.94M | $5.25M | $9.31M | $22.40M | $14.60M | $14.72M | $22.41M | $20.36M | $18.41M | $27.37M | $26.19M | $16.10M | $21.31M | $20.82M | $21.12M | $12.96M | $17.65M | $16.15M | $12.49M | $10.29M | $15.02M | $15.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.92% | 0.97% | 0.88% | 1.11% | 0.94% | 1.21% | 1.37% | 1.16% | 1.02% | 1.01% | 1.11% | 1.11% | 1.12% | 1.45% | 1.07% | 1.05% | 1.09% |
Marten Transport's average Quarter net income forecast for Mar 24 is $28.00M, with a range of $22.40M to $33.60M. MRTN's average Quarter net income forecast represents a 125.80% increase compared to the company's last Quarter net income of $12.40M (Dec 23).
Marten Transport SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $2.52M | $15.84M | $14.99M | $17.60M | $14.96M | $14.08M | $15.68M | $14.97M | $12.68M | $12.68M | $11.45M | $13.53M | $14.34M | $13.24M | $13.61M | $14.27M | $10.75M | $11.52M |
| Avg Forecast | $16.16M | $15.75M | $15.12M | $14.24M | $13.86M | $13.74M | $13.34M | $12.60M | $12.90M | $13.27M | $13.71M | $15.22M | $14.95M | $15.45M | $16.35M | $13.84M | $11.80M | $14.40M | $13.13M | $10.94M | $11.85M | $10.72M | $10.81M | $12.18M | $10.24M | $9.91M | $9.27M | $13.38M | $9.33M | $9.40M |
| High Forecast | $16.27M | $15.86M | $15.22M | $14.34M | $13.96M | $13.84M | $13.43M | $12.68M | $12.99M | $13.51M | $13.71M | $18.27M | $15.34M | $15.56M | $16.46M | $16.61M | $14.16M | $14.40M | $13.13M | $13.13M | $11.85M | $10.72M | $10.81M | $14.61M | $10.24M | $9.91M | $9.27M | $16.05M | $9.33M | $9.40M |
| Low Forecast | $16.08M | $15.68M | $15.05M | $14.18M | $13.80M | $13.68M | $13.28M | $12.54M | $12.84M | $13.03M | $13.71M | $12.18M | $14.57M | $15.38M | $16.27M | $11.07M | $9.44M | $14.40M | $13.13M | $8.75M | $11.85M | $10.72M | $10.81M | $9.74M | $10.24M | $9.91M | $9.27M | $10.70M | $9.33M | $9.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.17% | 1.03% | 0.92% | 1.27% | 1.27% | 0.98% | 1.19% | 1.37% | 1.07% | 1.18% | 1.06% | 1.11% | 1.40% | 1.34% | 1.47% | 1.07% | 1.15% | 1.23% |
Marten Transport's average Quarter SG&A projection for Mar 24 is $15.22M, based on 1 Wall Street analysts, with a range of $12.18M to $18.27M. The forecast indicates a 503.07% rise compared to MRTN last annual SG&A of $2.52M (Dec 23).
Marten Transport EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 4 | 5 | 4 | 4 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.15 | $0.17 | $0.27 | $0.28 | $0.31 | $0.32 | $0.39 | $0.33 | $0.30 | $0.26 | $0.26 | $0.22 | $0.24 | $0.22 | $0.22 | $0.17 | $0.19 | $0.20 |
| Avg Forecast | $0.20 | $0.19 | $0.18 | $0.13 | $0.13 | $0.11 | $0.09 | $0.06 | $0.06 | $0.06 | $0.11 | $0.12 | $0.18 | $0.18 | $0.28 | $0.27 | $0.30 | $0.34 | $0.32 | $0.26 | $0.26 | $0.26 | $0.26 | $0.20 | $0.22 | $0.20 | $0.15 | $0.16 | $0.18 | $0.19 |
| High Forecast | $0.21 | $0.19 | $0.18 | $0.13 | $0.13 | $0.11 | $0.09 | $0.06 | $0.06 | $0.07 | $0.11 | $0.12 | $0.18 | $0.18 | $0.28 | $0.27 | $0.30 | $0.34 | $0.32 | $0.26 | $0.26 | $0.26 | $0.26 | $0.20 | $0.22 | $0.20 | $0.15 | $0.16 | $0.18 | $0.19 |
| Low Forecast | $0.20 | $0.19 | $0.18 | $0.13 | $0.13 | $0.11 | $0.09 | $0.06 | $0.06 | $0.06 | $0.11 | $0.12 | $0.18 | $0.18 | $0.27 | $0.27 | $0.30 | $0.34 | $0.32 | $0.26 | $0.26 | $0.26 | $0.26 | $0.20 | $0.22 | $0.20 | $0.15 | $0.16 | $0.18 | $0.19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.94% | 0.98% | 1.03% | 1.04% | 0.95% | 1.21% | 1.28% | 1.15% | 1.02% | 1.00% | 1.09% | 1.11% | 1.11% | 1.43% | 1.04% | 1.05% | 1.07% |
According to 1 Wall Street analysts, Marten Transport's projected average Quarter EPS for Mar 24 is $0.12, with a low estimate of $0.12 and a high estimate of $0.12. This represents a -16.81% decrease compared to MRTN previous annual EPS of $0.15 (Dec 23).
Marten Transport Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MRTN | Marten Transport | $15.36 | $22.50 | 46.48% | Hold |
| HTLD | Heartland Express | $11.47 | $16.33 | 42.37% | Hold |
| SNDR | Schneider National | $29.78 | $28.50 | -4.30% | Buy |
| KNX | Knight-Swift Transportation | $58.34 | $55.00 | -5.73% | Buy |
| WERN | Werner Enterprises | $36.85 | $34.00 | -7.73% | Hold |
| ULH | Universal Logistics | $46.05 | $36.00 | -21.82% |