Susquehanna Increases Marriott International Price Target to $52.00 (MAR)
Stock analysts at Susquehanna hoisted their price target on shares of Marriott International (NYSE:MAR) from $48.00 to $52.00 in a report issued on Tuesday, AnalystRatings.NET reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 16.57% from the stock’s previous close.
A number of other firms have also recently commented on MAR. Analysts at Morgan Stanley initiated coverage on shares of Marriott International in a research note to investors on Wednesday, October 23rd. They set an “equal weight” rating on the stock. Separately, analysts at Credit Suisse reiterated a “focus list” rating on shares of Marriott International in a research note to investors on Tuesday, October 22nd. They now have a $50.00 price target on the stock. Finally, analysts at MKM Partners downgraded shares of Marriott International from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 22nd. They now have a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.53.
Shares of Marriott International (NYSE:MAR) traded up 1.16% during mid-day trading on Tuesday, hitting $44.61. 2,246,929 shares of the company’s stock traded hands. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company has a market cap of $13.525 billion and a price-to-earnings ratio of 22.07.
Marriott International (NYSE:MAR) last issued its quarterly 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 last year, the company posted $0.42 earnings per share. Marriott International’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Marriott International will post $1.99 EPS for the current fiscal year.
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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