Marriott International Price Target Increased to $51.00 by Analysts at Telsey Advisory Group (MAR)
Stock analysts at Telsey Advisory Group boosted their target price on shares of Marriott International (NYSE:MAR) from $47.00 to $51.00 in a report issued on Friday, American Banking and Market News reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target points to a potential downside of 1.53% from the stock’s previous close.
Marriott International (NYSE:MAR) traded up 1.39% during mid-day trading on Friday, hitting $52.51. 3,231,333 shares of the company’s stock traded hands. Marriott International has a 52 week low of $38.17 and a 52 week high of $52.72. The stock has a 50-day moving average of $49.69 and a 200-day moving average of $45.4. The company has a market cap of $15.729 billion and a P/E ratio of 24.92.
Marriott International (NYSE:MAR) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.32 billion. On average, analysts predict that Marriott International will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Investors 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 1.31%. The ex-dividend date is Wednesday, February 26th.
A number of other firms have also recently commented on MAR. Analysts at Nomura raised their price target on shares of Marriott International from $57.00 to $61.00 in a research note on Tuesday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $52.37.
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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