Marriott (MAR) announced its quarterly results on Wednesday. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters consensus estimate of $0.37. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
On a related note, 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 (MAR) traded up 0.87% during mid-day trading on Wednesday, hitting $37.14. Marriott (MAR) has a 52 week low of $28.94 and a 52 week high of $42.78. The stock's 50-day moving average is $35.56 and its 200-day moving average is $37.45. The company has a market cap of $13.347 billion and a price-to-earnings ratio of 29.50.
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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