Marriott International PT Raised to $84.00 at JPMorgan Chase & Co. (MAR)
Analysts at JPMorgan Chase & Co. upped their target price on shares of Marriott International (NYSE:MAR) from $74.00 to $84.00 in a research report issued to clients and investors on Thursday. JPMorgan Chase & Co.’s price target indicates a potential upside of 20.00% from the stock’s previous close.
Marriott International (NYSE:MAR) traded up 1.21% on Thursday, hitting $70.85. The stock had a trading volume of 920,877 shares. Marriott International has a one year low of $40.28 and a one year high of $70.20. 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 $20.587 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 previous 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. Investors 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.
MAR has been the subject of a number of other recent research reports. 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 nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.85.
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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