Marriott International Given Consensus Rating of “Buy” by Brokerages (NYSE:MAR)
Shares of Marriott International (NYSE:MAR) have received a consensus rating of “Buy” from the twenty-three analysts that are covering the stock, AnalystRatings.NET reports. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $66.85.
Marriott International (NYSE:MAR) traded down 0.22% during mid-day trading on Friday, hitting $70.365. The stock had a trading volume of 250,545 shares. Marriott International has a 52 week low of $40.28 and a 52 week high of $70.98. The stock’s 50-day moving average is $66.83 and its 200-day moving average is $60.55. The company has a market cap of $20.446 billion and a P/E ratio of 31.79.
Marriott International (NYSE:MAR) last released its earnings data 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. 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. Shareholders 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 1.13%. The ex-dividend date is Tuesday, August 19th.
A number of analysts have recently weighed in on MAR shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Marriott International from $74.00 to $84.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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.
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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