Marriott International Price Target Raised to $45.00 at Barclays (MAR)
Barclays hoisted their price target on shares of Marriott International (NYSE:MAR) from $40.00 to $45.00 in a research note issued on Friday, AnalystRatings.NET reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential downside of 0.18% from the stock’s previous close.
A number of other analysts have also recently weighed in on MAR. Analysts at Zacks reiterated a “neutral” rating on shares of Marriott International in a research note to investors on Friday. They now have a $47.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Marriott International from $41.00 to $47.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Marriott International from $49.00 to $51.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.06.
Marriott International (NYSE:MAR) traded up 1.26% on Friday, hitting $45.65. 1,754,972 shares of the company’s stock traded hands. The stock has a 50-day moving average of $43.06 and a 200-day moving average of $41.86. The company has a market cap of $13.840 billion and a P/E ratio of 22.56.
Marriott International (NYSE:MAR) last released its earnings data on Wednesday, October 30th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.07. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. 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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