Marriott International PT Raised to $61.00 at Nomura (MAR)
Equities research analysts at Nomura lifted their price target on shares of Marriott International (NYSE:MAR) to $61.00 in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. Nomura’s price objective points to a potential upside of 18.40% from the company’s current price.
Shares of Marriott International (NYSE:MAR) opened at 51.52 on Tuesday. Marriott International has a 52-week low of $38.17 and a 52-week high of $51.58. The stock has a 50-day moving average of $49.36 and a 200-day moving average of $45.14. The company has a market cap of $15.432 billion and a price-to-earnings ratio of 24.79.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.32%.
MAR has been the subject of a number of other recent research reports. Analysts at Morgan Stanley upgraded shares of Marriott International from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 21st. They now have a $62.00 price target on the stock, up previously from $45.00. Separately, analysts at Barclays upgraded shares of Marriott International from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 21st. They now have a $58.00 price target on the stock, up previously from $45.00. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Marriott International from a “neutral” rating to an “overweight” rating in a research note on Monday, January 13th. They now have a $58.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.53.
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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