Marriott International (NASDAQ:MAR) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Marriott International (NASDAQ:MAR) in a report issued on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $267.00 price objective on the stock.

Other analysts have also recently issued reports about the company. Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a hold rating on the stock in a research report on Tuesday, August 6th. Robert W. Baird dropped their price target on Marriott International from $252.00 to $245.00 and set a neutral rating on the stock in a research report on Thursday, August 1st. Susquehanna started coverage on Marriott International in a research report on Friday, June 21st. They issued a neutral rating and a $255.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Marriott International from $222.00 to $216.00 and set a hold rating on the stock in a research report on Thursday, August 1st. Finally, Macquarie reissued a neutral rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International presently has an average rating of Hold and an average price target of $247.33.

Marriott International Trading Down 0.0 %

MAR opened at $244.39 on Wednesday. The company has a market cap of $69.80 billion, a P/E ratio of 25.22, a P/E/G ratio of 5.34 and a beta of 1.59. The business’s 50-day moving average price is $229.80 and its 200-day moving average price is $237.88. Marriott International has a 12 month low of $180.75 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 EPS. Equities research analysts forecast that Marriott International will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bangor Savings Bank boosted its position in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Roble Belko & Company Inc boosted its position in shares of Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Marriott International during the first quarter valued at approximately $29,000. Institutional investors own 70.70% of the company’s stock.

About Marriott International

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, City Express by Marriott, and St.