Marriott International Upgraded by EVA Dimensions LLC to “Overweight” (MAR)
Marriott International (NYSE:MAR) was upgraded by equities research analysts at EVA Dimensions LLC from a “hold” rating to an “overweight” rating in a research note issued to investors on Tuesday, AR Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Marriott International from $53.00 to $57.00 in a research note on Tuesday. Separately, analysts at Raymond James upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marriott International in a research note on Friday. They now have a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.35.
Shares of Marriott International (NYSE:MAR) traded up 0.03% on Tuesday, hitting $53.485. 373,142 shares of the company’s stock traded hands. Marriott International has a 52-week low of $38.17 and a 52-week high of $53.97. The stock has a 50-day moving average of $49.83 and a 200-day moving average of $45.60. The company has a market cap of $16.021 billion and a P/E ratio of 26.74.
Marriott International (NYSE:MAR) last announced its earnings results 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. Analysts expect that Marriott International will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Shareholders 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 1.27%. The ex-dividend date of this dividend is Wednesday, February 26th.
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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