Marriott International Stock Rating Reaffirmed by Jefferies Group (MAR)
Marriott International (NYSE:MAR)‘s stock had its “market outperform” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $71.00 target price on the stock, up from their previous target price of $65.00. Jefferies Group’s price objective points to a potential upside of 8.55% from the stock’s previous close.
Shares of Marriott International (NYSE:MAR) traded down 0.43% during mid-day trading on Wednesday, hitting $65.41. The stock had a trading volume of 3,930,702 shares. Marriott International has a 52 week low of $39.58 and a 52 week high of $67.12. The stock’s 50-day moving average is $64.35 and its 200-day moving average is $57.35. The company has a market cap of $19.150 billion and a price-to-earnings ratio of 30.68.
Marriott International (NYSE:MAR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.04. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.53 million. During the same quarter last year, the company posted $0.57 earnings per share. Marriott International’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Marriott International will post $2.47 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of Marriott International from $60.00 to $67.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Marriott International from $67.00 to $76.00 in a research note on Wednesday, July 23rd. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Marriott International in a research note on Wednesday, July 9th. They now have a $60.00 price target on the stock, up previously from $58.00. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $64.15.
Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.