Analyst Price Target is $26.00
▲ +62.81% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Marten Transport in the last 3 months. The average price target is $26.00, with a high forecast of $27.00 and a low forecast of $25.00. The average price target represents a 62.81% upside from the last price of $15.97.
Current Consensus is
Buy
The current consensus among 2 contributing investment analysts is to buy stock in Marten Transport. This Buy consensus rating has held steady for over two years.
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its refrigerated containers and temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2023, the company operated a fleet of 3,349 tractors, that included 3,255 company-owned tractors and 94 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
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