Marriott International, Inc. (NASDAQ:MAR) Given Average Rating of “Hold” by Analysts

Shares of Marriott International, Inc. (NASDAQ:MARGet Free Report) have earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $242.19.

Several research analysts recently weighed in on MAR shares. Susquehanna assumed coverage on shares of Marriott International in a report on Friday. They set a “neutral” rating and a $255.00 price target on the stock. Barclays increased their price target on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. BMO Capital Markets boosted their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. UBS Group raised their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Robert W. Baird boosted their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd.

Check Out Our Latest Stock Analysis on MAR

Marriott International Stock Performance

MAR stock opened at $243.53 on Monday. The company has a market capitalization of $69.56 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 4.59 and a beta of 1.60. Marriott International has a 52-week low of $170.03 and a 52-week high of $260.57. The business has a 50-day simple moving average of $237.19 and a two-hundred day simple moving average of $238.29.

Marriott International (NASDAQ:MARGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. As a group, sell-side analysts forecast that Marriott International will post 9.55 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be issued a dividend of $0.63 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. Marriott International’s dividend payout ratio is 26.01%.

Institutional Investors Weigh In On Marriott International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Johnson Investment Counsel Inc. raised its holdings in shares of Marriott International by 4.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,877 shares of the company’s stock valued at $369,000 after acquiring an additional 85 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Marriott International by 31.7% during the third quarter. Kestra Advisory Services LLC now owns 25,086 shares of the company’s stock valued at $4,931,000 after purchasing an additional 6,032 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Marriott International in the 3rd quarter worth $4,595,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Marriott International during the 3rd quarter valued at $2,831,000. Finally, Envestnet Asset Management Inc. grew its position in Marriott International by 15.4% in the third quarter. Envestnet Asset Management Inc. now owns 204,720 shares of the company’s stock worth $40,240,000 after acquiring an additional 27,384 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Company Profile

(Get Free Report

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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