Marriott International Hits New 52-Week High at $64.31 (MAR)
Shares of Marriott International (NYSE:MAR) hit a new 52-week high during mid-day trading on Monday , American Banking News.com reports. The company traded as high as $64.31 and last traded at $64.13, with a volume of 465,992 shares. The stock had previously closed at $63.98.
A number of research firms have recently commented on MAR. Analysts at Cleveland Research initiated coverage on shares of Marriott International in a research note on Friday. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Marriott International in a research note on Friday, June 20th. They now have a $67.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Marriott International in a research note on Wednesday, June 18th. They now have a $70.00 price target on the stock, up previously from $65.00. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Marriott International presently has a consensus rating of “Buy” and a consensus price target of $60.40.
The stock’s 50-day moving average is $61.12 and its 200-day moving average is $54.66. The company has a market cap of $18.766 billion and a price-to-earnings ratio of 29.88.
Marriott International (NYSE:MAR) last released its earnings data on Tuesday, April 29th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Marriott International will post $2.46 EPS for the current fiscal year.
In other Marriott International news, Insider Stephen Blake Marriott unloaded 1,500 shares of Marriott International stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $63.84, for a total transaction of $95,760.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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