Marriott International Sets New 52-Week High at $68.94 (MAR)
Marriott International (NYSE:MAR) reached a new 52-week high on Monday , Analyst Ratings Net reports. The stock traded as high as $68.94 and last traded at $68.83, with a volume of 668,207 shares changing hands. The stock had previously closed at $68.45.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $66.15.
The stock has a 50-day moving average of $65.88 and a 200-day moving average of $59.32. The company has a market cap of $19.980 billion and a P/E ratio of 30.86.
Marriott International (NYSE:MAR) last announced its 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. 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 declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, August 19th.
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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