Marriott International Inc (MAR) Receives Consensus Rating of “Hold” from Analysts
Shares of Marriott International Inc (NASDAQ:MAR) have been given an average recommendation of “Hold” by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Eleven research 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 brokers that have issued a report on the stock in the last year is $144.36.
Several analysts have recently issued reports on MAR shares. BidaskClub raised Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Raymond James raised Marriott International from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 14th. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $134.00 price objective on shares of Marriott International in a report on Wednesday, August 8th. Finally, Morgan Stanley cut Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 price objective on the stock. in a report on Tuesday, July 24th.
In related news, Director Frederick A. Henderson purchased 1,640 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were bought at an average price of $120.84 per share, for a total transaction of $198,177.60. Following the acquisition, the director now owns 1,640 shares of the company’s stock, valued at approximately $198,177.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.99% of the stock is owned by corporate insiders.
MAR stock opened at $130.43 on Monday. Marriott International has a 1-year low of $104.39 and a 1-year high of $149.21. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $44.27 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.88 and a beta of 1.34.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.37. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.90 billion. Marriott International had a return on equity of 52.81% and a net margin of 7.31%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. sell-side analysts expect that Marriott International will post 5.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, August 23rd will be issued a dividend of $0.41 per share. The ex-dividend date is Wednesday, August 22nd. This represents a $1.64 annualized dividend and a dividend yield of 1.26%. Marriott International’s dividend payout ratio (DPR) is 37.61%.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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