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

Marriott International, Inc. (NASDAQ:MARGet Free Report) has been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, 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 1 year target price among brokerages that have issued ratings on the stock in the last year is $242.19.

A number of research analysts recently issued reports on MAR shares. Wells Fargo & Company decreased their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. BMO Capital Markets lifted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Susquehanna initiated coverage on shares of Marriott International in a report on Friday. They issued a “neutral” rating and a $255.00 price objective for the company.

Check Out Our Latest Report on Marriott International

Marriott International Price Performance

NASDAQ MAR opened at $243.53 on Monday. The company has a market capitalization of $69.56 billion, a PE ratio of 25.13, a P/E/G ratio of 4.58 and a beta of 1.60. The company has a fifty day moving average of $237.19 and a 200 day moving average of $237.81. Marriott International has a 1 year low of $170.03 and a 1 year high of $260.57.

Marriott International (NASDAQ:MARGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Research analysts expect that Marriott International will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

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

Hedge Funds Weigh In On Marriott International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in Marriott International by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after acquiring an additional 192,652 shares during the last quarter. Morgan Stanley boosted its holdings in Marriott International by 1.4% in the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after purchasing an additional 63,411 shares during the last quarter. Jennison Associates LLC boosted its holdings in Marriott International by 34.8% in the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after purchasing an additional 1,173,028 shares during the last quarter. Capital International Investors boosted its holdings in Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after purchasing an additional 149,378 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Marriott International by 0.5% in the 3rd quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock valued at $483,862,000 after purchasing an additional 12,901 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

About Marriott International

(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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