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Marriott International (NYSE:MAR)’s share price reached a new 52-week high on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $74.00 to $84.00, AnalystRatings.Net reports. JPMorgan Chase & Co. currently has an overweight rating on the stock. Marriott International traded as high as $70.98 and last traded at $70.76, with a volume of 1,466,416 shares. The stock had previously closed at $70.00.

A number of other firms have also 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.85.

The stock has a 50-day moving average of $66.66 and a 200-day moving average of $60.47. The company has a market cap of $20.572 billion and a P/E ratio of 31.56.

Marriott International (NYSE:MAR) last announced its earnings results on Tuesday, July 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the 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 quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Marriott International will post $2.50 earnings per share 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 1.14%. The ex-dividend date 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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