Marriott International PT Raised to $55.00 at MLV Capital (MAR)
Analysts at MLV Capital raised their target price on shares of Marriott International (NYSE:MAR) from $50.00 to $55.00 in a research report issued to clients and investors on Friday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. MLV Capital’s price objective would indicate a potential upside of 6.20% from the company’s current price.
Shares of Marriott International (NYSE:MAR) traded up 1.39% on Friday, hitting $52.51. The stock had a trading volume of 3,231,333 shares. Marriott International has a 52 week low of $38.17 and a 52 week high of $52.72. The stock’s 50-day moving average is $49.69 and its 200-day moving average is $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 posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Marriott International will post $2.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, February 26th.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Marriott International from $47.00 to $51.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Marriott International from $57.00 to $61.00 in a research note on Tuesday. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price 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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