Shares of Marriott International Inc (NASDAQ:MAR) rose 5.5% during mid-day trading on Monday . The stock traded as high as $104.91 and last traded at $104.68. Approximately 2,716,484 shares changed hands during trading, a decline of 42% from the average daily volume of 4,700,677 shares. The stock had previously closed at $99.26.
Several analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on Marriott International from $78.00 to $83.00 and gave the company an “underperform” rating in a report on Tuesday, August 11th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating and set a $91.00 price target for the company in a report on Tuesday, June 30th. Truist Financial lifted their price objective on shares of Marriott International from $88.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Morgan Stanley increased their target price on shares of Marriott International from $88.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Finally, Barclays lifted their price target on shares of Marriott International from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. Marriott International presently has an average rating of “Hold” and an average price target of $112.17.
The company has a market cap of $34.18 billion, a P/E ratio of 77.83 and a beta of 1.68. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50-day simple moving average of $96.46 and a 200 day simple moving average of $90.95.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23). Marriott International had a return on equity of 238.84% and a net margin of 2.76%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business posted $1.56 earnings per share. Marriott International’s revenue was down 72.4% on a year-over-year basis. Sell-side analysts anticipate that Marriott International Inc will post -0.24 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Marriott International by 15.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 298,562 shares of the company’s stock valued at $22,335,000 after acquiring an additional 41,039 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of Marriott International by 24.6% during the second quarter. North Star Investment Management Corp. now owns 1,973 shares of the company’s stock worth $169,000 after buying an additional 390 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Marriott International in the second quarter valued at approximately $1,284,000. State of Michigan Retirement System boosted its stake in Marriott International by 10.4% in the second quarter. State of Michigan Retirement System now owns 68,710 shares of the company’s stock valued at $5,891,000 after acquiring an additional 6,458 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Marriott International in the 2nd quarter valued at $305,000. Institutional investors own 58.28% of the company’s stock.
Marriott International Company Profile (NASDAQ:MAR)
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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