Marriott (MAR) Given New $38.00 Price Target by Rodman & Renshaw Analysts.
Friday, July 15, 2021 8:11 AM

Equities research analysts at Rodman & Renshaw lowered their price target on shares of Marriott (NYSE: MAR) from $43.00 to $38.00 in a research note to investors on Friday. The analysts currently have a "market perform" rating on the stock.

Separately, analysts at Robert W. Baird upgraded shares of Marriott from a "neutral" rating to an "outperform" rating in a research note to investors on Wednesday. They now have a $44.00 price target on the stock, up previously from $40.00. Also, analysts at Morgan Stanley (NYSE: MS) reiterated an "equal weight" rating on shares of Marriott in a research note to investors on Tuesday, April 26th. They now have a $38.00 price target on the stock.

Shares of Marriott opened at 34.69 on Monday. Marriott has a 52 week low of $28.94 and a 52 week high of $42.78. The stock's 50-day moving average is $35.54 and its 200-day moving average is $37.43. The company has a market cap of $12.467 billion and a price-to-earnings ratio of 27.80.

Marriott last announced its quarterly results on Wednesday, July 13rd. The company reported $0.37 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.37 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Marriott will post $0.30 EPS next quarter.

Marriott International, Inc. is a worldwide operator and franchisor of hotels and related lodging facilities. The Company’s operations are grouped into the five business segments: North American Full-Service Lodging, North American Limited-Service Lodging, International Lodging, Luxury Lodging and Timeshare. It develops, operates and franchises hotels and corporate housing properties under separate brand names, and it develops, operates and markets timeshare, fractional ownership and residential properties under four separate brand names. The Company also provides services to home/condominium owner associations for projects associated with one of its brands.

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