Stocks of Marriott International, Inc (NASDAQ:MAR) traded higher last session on Wall Street, up 0.97% to $286.39.
MAR stock price is now 3.13% away from the 50-day moving average and 15.16% away from the 200-day moving average. The market capitalization of the company currently stands at $79.48B.
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With the price target of $267, Goldman recently initiated with Buy rating for Marriott International, Inc (NASDAQ: MAR). On August 29, 2024, Bernstein Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $247 to quote $262, while ‘Susquehanna’ rates the stock as ‘Neutral’
In other news, Anand Satyajit, President, EMEA sold 1,919 shares of the company’s stock on Dec 06 ’24. The stock was sold for $563,476 at an average price of $293.63. Upon completion of the transaction, the President, EMEA now directly owns 22,559 shares in the company, valued at $6.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Officer Anand Satyajit bought 1,919 shares of the business’s stock. A total of $563,487 was incurred on buying the stock at an average price of $293.64. A total of 12.46% of the company’s stock is owned by insiders.
During the past 12 months, Marriott International, Inc has had a low of $204.55 and a high of $295.45. According to the stock market information, the enterprise value for the company is $92978618368, which is based on a 29.91 price-to-earnings ratio, a 5.28 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for MAR is $277.203 and a two-hundred day moving average price translates $248.4921 for the stock.
The latest earnings results from Marriott International, Inc (NASDAQ: MAR) was released for 2024-09-30. The net profit margin was 11.18% and return on equity was 1446.77% for MAR. The company reported revenue of $6.25 billion for the quarter, compared to $5.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.52 percent.
