Stifel Nicolaus Reiterates a Hold Rating on Marten Transport

By Austin Angelo

Stifel Nicolaus analyst John Larkin reiterated a Hold rating on Marten Transport (NASDAQ: MRTN) on September 28 and set a price target of $15. The company’s shares closed on Friday at $20.55, close to its 52-week high of $21.15.

According to TipRanks.com, Larkin is a 5-star analyst with an average return of 10.5% and a 69.4% success rate. Larkin covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Air Transport Services.

Marten Transport has an analyst consensus of Hold, with a price target consensus of $15.

The company has a one year high of $21.15 and a one year low of $11.22. Currently, Marten Transport has an average volume of 152.9K.

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Marten Transport Ltd. engages in the provision of providing temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment provides transportation solutions to individual customers using temperature-controlled trailers, dry vans, and specialized equipment. The Intermodal segment offers transports its customer’s freight utilizing temperature-controlled trailers and dry containers on railroad flatcars for portions of trips. The Brokerage segment involves in arranging smaller third-party carriers to transport freight for its customers in temperature-controlled trailers and dry vans. The company was founded by Roger R. Marten in 1946 and is headquartered in Mondovi, WI.