Marriott International, Inc. [MAR] stock prices are down -1.36% to $248.00 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAR shares have gain 0.44% over the last week, with a monthly amount glided 5.56%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH VICTORIA PARK HOTELS TO DEBUT AUTOGRAPH COLLECTION HOTELS IN HONG KONG. In a post published today on Yahoo Finance, Marriott International, Inc. today announced it has signed an agreement with Victoria Park Hotels Ltd. to launch The Park Lane Hong Kong, Autograph Collection in early 2025. The Park Lane Hong Kong, Autograph Collection is expected to join Autograph Collection Hotels’ portfolio of over 300 independent properties in the most desirable locations across the world, each with its own unique perspective on heartfelt design and hospitality.
From an analyst’s perspective:
Previously, HSBC Securities started tracking the stock with Buy rating on October 23, 2023, and set its price target to $233. On August 14, 2023, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $218 on the stock. Bernstein upgraded its rating to a Outperform but stick to its price target of $204 on May 03, 2023. Evercore ISI downgraded its rating to a In-line but $180 remained the price target by the analyst firm on February 15, 2023. Jefferies downgraded its rating to Hold for this stock on January 09, 2023, but kept the price target unchanged to $166. In a note dated December 15, 2022, Barclays downgraded an Equal Weight rating on this stock and boosted its target price from $163 to $170.
The stock price of Marriott International, Inc. [MAR] has been fluctuating between $153.56 and $253.12 over the past year. Currently, Wall Street analysts expect the stock to reach $188.9 within the next 12 months. Marriott International, Inc. [NASDAQ: MAR] shares were valued at $248.00 at the most recent close of the market. An investor can expect a potential drop of -23.83% based on the average MAR price forecast.
Analyzing the MAR fundamentals
The Marriott International, Inc. [NASDAQ:MAR] reported sales of 23.71B for trailing twelve months, representing a surge of 2.90%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -8.64 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -18.71.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 246.15 points at the first support level, and at 244.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 251.43, and for the 2nd resistance point, it is at 254.85.
Marriott International, Inc. [MAR] reported earnings per share of $3.57 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.12/share, meaning a difference of $1.45 and a surprise factor of 68.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.11 per share as compared to estimates of $2.1 per share, a difference of $0.01 representing a surprise of 0.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.03 and price to earnings (TTM) ratio is 24.34.
Transactions by insiders
Recent insider trading involved HIPPEAU ERIC, Director, that happened on Mar 13 ’24 when 1400.0 shares were sold. 13D Group Owning more than 10%, Marriott David S completed a deal on Feb 28 ’24 to sell 2878.0 shares. Meanwhile, President, EMEA Anand Satyajit sold 2749.0 shares on Feb 23 ’24.
