Marriott International Upgraded by UBS AG to Buy (MAR)
Marriott International (NYSE:MAR) was upgraded by equities researchers at UBS AG from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Marriott International (NYSE:MAR) traded up 2.72% on Wednesday, hitting $42.74. The stock had a trading volume of 1,153,886 shares. Marriott International has a one year low of $33.93 and a one year high of $44.45. The stock has a 50-day moving average of $40.92 and a 200-day moving average of $41.18. The company has a market cap of $12.958 billion and a price-to-earnings ratio of 20.83.
Marriott International (NYSE:MAR) last released its earnings data on Wednesday, July 31st. The company reported $0.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.57. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Marriott International will post $1.99 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of Marriott International (NYSE:MAR) from $19.00 to $18.00 in a research note to investors on Thursday, August 22nd. Separately, analysts at Nomura reiterated a “buy” rating on shares of Marriott International (NYSE:MAR) in a research note to investors on Thursday, August 15th. Finally, analysts at Deutsche Bank cut their price target on shares of Marriott International (NYSE:MAR) from $43.00 to $40.00 in a research note to investors on Monday, August 5th. They now have a “hold” rating on the stock.
Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. Marriott International currently has an average rating of “Hold” and a consensus price target of $41.61.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, August 20th.
Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.
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