Marten Transport (MRTN) Stock Forecast, Price Target & Predictions


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MRTN Stock Forecast


Marten Transport stock forecast is as follows: an average price target of $22.50 (represents a 35.14% upside from MRTN’s last price of $16.65) 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 35.14% upside from MRTN's last price of $16.65.

MRTN Analyst Ratings


Hold

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 15, 2024David HicksRaymond James$20.00$18.0410.86%20.12%
Jan 10, 2024Jeffrey KauffmanVertical Research$25.00$20.0124.94%50.15%
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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 20.12% increase from MRTN last price ($16.65).

Marten Transport Price Target by Period


1M3M12M
# Anlaysts--2
Avg Price Target--$22.50
Last Closing Price$16.65$16.65$16.65
Upside/Downside-100.00%-100.00%35.14%

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 $16.65. 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


DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024Raymond James-Market PerformDowngrade
Jul 09, 2024Vertical ResearchBuyHoldDowngrade
Jan 10, 2024Vertical Research-BuyUpgrade
Oct 18, 2022StephensOverweightOverweightHold
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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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
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$212.09M$199.02M$186.96M$173.16M
Avg Forecast$270.00M$258.75M$244.80M$231.00M$232.91M$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$201.27M$190.82M$186.96M$138.53M
High Forecast$270.90M$259.61M$245.61M$231.77M$233.68M$245.35M$249.11M$262.77M$278.69M$281.58M$297.92M$310.92M$317.38M$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$201.27M$190.82M$224.35M$166.23M
Low Forecast$269.08M$257.87M$243.96M$230.21M$232.11M$236.60M$249.11M$262.77M$264.56M$279.69M$295.92M$308.83M$315.25M$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$201.27M$190.82M$149.57M$110.82M
# Analysts1111211121111111111154544343812
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%1.05%1.04%1.00%1.25%

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111211121111111111154544343812
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$43.80M$40.55M$35.60M$35.18M
Avg Forecast$52.40M$50.22M$47.51M$44.83M$45.20M$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$20.01M$38.02M$35.60M$26.39M
High Forecast$52.57M$50.38M$47.67M$44.98M$45.35M$47.62M$48.35M$75.66M$54.09M$54.65M$57.82M$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$20.01M$45.62M$42.72M$31.66M
Low Forecast$52.22M$50.04M$47.35M$44.68M$45.05M$45.92M$48.35M$50.44M$51.34M$54.28M$57.43M$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$20.01M$30.42M$28.48M$21.11M
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%2.19%1.07%1.00%1.33%

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111211121111111111154544343812
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$15.19M$13.55M$10.33M$8.21M
Avg Forecast$12.63M$11.41M$9.37M$5.30M$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$14.52M$12.70M$10.33M$6.16M
High Forecast$12.69M$11.46M$9.41M$5.32M$4.99M$5.30M$9.35M$33.60M$14.75M$14.87M$22.64M$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$14.52M$15.24M$12.40M$7.39M
Low Forecast$12.58M$11.36M$9.33M$5.27M$4.94M$5.26M$9.31M$22.40M$14.62M$14.74M$22.44M$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$14.52M$10.16M$8.26M$4.93M
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%1.05%1.07%1.00%1.33%

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111211121111111111154544343812
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$11.81M$11.82M$11.97M$10.49M
Avg Forecast$14.69M$14.08M$13.32M$12.57M$12.67M$13.11M$13.55M$15.22M$14.78M$15.27M$16.16M$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$9.09M$11.09M$11.97M$7.87M
High Forecast$14.74M$14.13M$13.36M$12.61M$12.71M$13.35M$13.55M$18.27M$15.16M$15.32M$16.21M$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$9.09M$13.30M$14.37M$9.45M
Low Forecast$14.64M$14.03M$13.27M$12.53M$12.63M$12.87M$13.55M$12.18M$14.40M$15.22M$16.10M$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$9.09M$8.87M$9.58M$6.30M
Surprise %--------0.17%1.04%0.93%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%1.30%1.07%1.00%1.33%

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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111211121111111111154544343812
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$0.19$0.17$0.13$0.10
Avg Forecast$0.15$0.14$0.12$0.07$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$0.18$0.16$0.19$0.09
High Forecast$0.16$0.14$0.12$0.07$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$0.18$0.16$0.23$0.11
Low Forecast$0.15$0.14$0.11$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$0.18$0.16$0.15$0.07
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%1.05%1.05%0.67%1.11%

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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MRTNMarten Transport$16.65$22.5035.14%Hold
HTLDHeartland Express$12.22$16.3333.63%Hold
WERNWerner Enterprises$39.30$41.676.03%Sell
KNXKnight-Swift Transportation$56.21$59.405.68%Buy
SNDRSchneider National$31.41$28.88-8.05%Buy
ULHUniversal Logistics$49.14$36.00-26.74%-

MRTN Forecast FAQ


Is Marten Transport a good buy?

No, according to 3 Wall Street analysts, Marten Transport (MRTN) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of MRTN's total ratings.

What is MRTN's price target?

Marten Transport (MRTN) average price target is $22.5 with a range of $20 to $25, implying a 35.14% from its last price of $16.65. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Marten Transport stock go up soon?

According to Wall Street analysts' prediction for MRTN stock, the company can go up by 35.14% (from the last price of $16.65 to the average price target of $22.5), up by 50.15% based on the highest stock price target, and up by 20.12% based on the lowest stock price target.

Can Marten Transport stock reach $20?

MRTN's average twelve months analyst stock price target of $22.5 supports the claim that Marten Transport can reach $20 in the near future.

What are Marten Transport's analysts' financial forecasts?

Marten Transport's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $985.77M (high $990.92M, low $980.6M), average EBITDA is $203.37M (high $216.98M, low $189.75M), average net income is $47.57M (high $53.23M, low $41.91M), average SG&A $54.56M (high $57.88M, low $51.23M), and average EPS is $0.365 (high $0.366, low $0.364). MRTN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1B (high $1.01B, low $1B), average EBITDA is $194.96M (high $195.6M, low $194.29M), average net income is $38.71M (high $38.88M, low $38.54M), average SG&A $54.66M (high $54.84M, low $54.47M), and average EPS is $0.475 (high $0.477, low $0.473).

Did the MRTN's actual financial results beat the analysts' financial forecasts?

Based on Marten Transport's last annual report (Dec 2023), the company's revenue was $1.13B, which missed the average analysts forecast of $1.16B by -2.38%. Apple's EBITDA was $193.22M, missing the average prediction of $222.13M by -13.01%. The company's net income was $70.37M, missing the average estimation of $77.49M by -9.18%. Apple's SG&A was $10.15M, missing the average forecast of $60.04M by -83.10%. Lastly, the company's EPS was $0.86, missing the average prediction of $0.911 by -5.56%. In terms of the last quarterly report (Dec 2023), Marten Transport's revenue was $268.22M, missing the average analysts' forecast of $271.62M by -1.25%. The company's EBITDA was $42.6M, missing the average prediction of $52.71M by -19.18%. Marten Transport's net income was $12.4M, missing the average estimation of $14.69M by -15.58%. The company's SG&A was $2.52M, missing the average forecast of $14.78M by -82.92%. Lastly, the company's EPS was $0.15, missing the average prediction of $0.18 by -16.78%