Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Marten Transport (MRTN) Share Price
Media coverage about Marten Transport (NASDAQ:MRTN) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Marten Transport earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.0054418762108 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Marten Transport (MRTN) opened at $20.00 on Friday. The firm has a market capitalization of $1,084.98, a PE ratio of 32.62 and a beta of 1.34. Marten Transport has a twelve month low of $12.81 and a twelve month high of $21.15.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $170.70 million for the quarter, compared to analyst estimates of $169.67 million. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. equities analysts expect that Marten Transport will post 0.62 EPS for the current fiscal year.
Several research analysts have weighed in on MRTN shares. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, September 7th. BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.00 target price on shares of Marten Transport in a report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.00.
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About Marten Transport
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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