KeyBanc has slashed its target price by $ 10 on Marten Transport, Ltd. (NASDAQ:MRTN) to $ 21.00 from the previous mark of $ 31.00, suggesting the upside potential of more than 14.07 percent from the existing levels. However, the brokerage has maintained its Overweight rating on the stock, Benzinga reported.
Shares of Marten Transport, Ltd. traded low $ -0.27 or -1.47 percent on Wednesday, reaching $ 18.14 with volume of 55.60 thousand shares. The stock opened for the day at $ 18.41, after closing the previous day trading at $ 18.41. According to the previous trading day, closing price of $ 18.41, representing a 72.54 % increase from the 52 week low of $ 10.67 and a 8.54 % decrease over the 52 week high of $ 20.13.
With respect to the key metrics, Marten Transport, Ltd. stock has advanced $ 2.24 or 14.00 percent, reaching $ 15.90 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 0.01 or 0.00 percent, before arriving at $ 18.13 during the SMA50-day period.
Moving ahead, the consensus estimates from Thomson Reuters for the third quarter are income of $ 0.19 per share from $ 219.90 million in revenue. For the full year, analysts predict revenues of $ 874.60 million, while looking forward to income of $ 0.76 per share.
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage.
