Marriott International Inc (MAR) Receives Consensus Rating of “Hold” from Brokerages
Marriott International Inc (NASDAQ:MAR) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $135.17.
A number of research firms have issued reports on MAR. Citigroup boosted their price target on Marriott International from $117.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Co boosted their price objective on Marriott International from $123.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. Morgan Stanley set a $117.00 price objective on Marriott International and gave the stock a “hold” rating in a research note on Thursday, March 28th. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, BidaskClub cut Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st.
In related news, CEO Arne M. Sorenson sold 63,726 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $124.15, for a total value of $7,911,582.90. Following the transaction, the chief executive officer now owns 750,500 shares in the company, valued at $93,174,575. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Grissen sold 6,750 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.14, for a total value of $871,695.00. Following the completion of the transaction, the insider now owns 63,480 shares in the company, valued at approximately $8,197,807.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,690 shares of company stock worth $20,399,160. 12.60% of the stock is currently owned by insiders.
MAR stock opened at $125.00 on Friday. Marriott International has a 12-month low of $100.62 and a 12-month high of $142.19. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 6.81. The stock has a market cap of $41.62 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.83 and a beta of 1.23.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Friday, May 10th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.07. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Marriott International will post 6.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.41. Marriott International’s payout ratio is currently 26.41%.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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