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Marriott International (NYSE:MAR)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $70.00 price objective on the stock, up from their previous price objective of $65.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 12.09% from the stock’s previous close.

Marriott International (NYSE:MAR) traded up 0.38% on Wednesday, hitting $62.69. The stock had a trading volume of 590,762 shares. Marriott International has a 52-week low of $38.17 and a 52-week high of $63.14. The stock’s 50-day moving average is $59.87 and its 200-day moving average is $53.75. The company has a market cap of $18.353 billion and a price-to-earnings ratio of 29.17.

Marriott International (NYSE:MAR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.06. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter last year, the company posted $0.43 earnings per share. Marriott International’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Marriott International will post $2.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from Marriott International’s previous quarterly dividend of $0.17.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie downgraded shares of Marriott International from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $65.00 price target on the stock, up previously from $60.00. They noted that the move was a valuation call. Separately, analysts at Nomura raised their price target on shares of Marriott International from $63.00 to $74.00 in a research note on Friday, May 30th. Finally, analysts at Argus raised their price target on shares of Marriott International from $64.00 to $70.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $60.10.

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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