Marriott International Hits New 52-Week High at $67.18 (MAR)
Shares of Marriott International (NYSE:MAR) hit a new 52-week high during mid-day trading on Thursday , American Banking News reports. The company traded as high as $67.18 and last traded at $67.00, with a volume of 851,311 shares traded. The stock had previously closed at $66.55.
A number of research firms have recently commented on MAR. Analysts at Raymond James reiterated an “outperform” rating on shares of Marriott International in a research note on Thursday, July 31st. They now have a $72.00 price target on the stock, up previously from $65.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Marriott International in a research note on Thursday, July 31st. They now have a $69.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Marriott International in a research note on Thursday, July 31st. They now have a $70.00 price target on the stock, up previously from $62.00. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Marriott International currently has a consensus rating of “Buy” and a consensus price target of $66.15.
The stock has a 50-day moving average of $65.1 and a 200-day moving average of $58.44. The company has a market cap of $19.544 billion and a P/E ratio of 30.00.
Marriott International (NYSE:MAR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Marriott International will post $2.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, August 19th.
In other Marriott International news, EVP Edward A. Ryan sold 8,520 shares of Marriott International stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $65.99, for a total value of $562,234.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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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