Marriott International Inc. (NASDAQ:MAR) finished Friday with an addition of $1.0 to close at $199.79, an upside of 0.50 percent. An average of 2,060,920 shares of common stock have been traded in the last five days. There was a fall of -$2.30 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 2,343,680 shares traded, while the 50-day average volume stands at 2,176,842.
MAR stock has increased by 2.06% in the last month. The company shares reached their 1-month lowest point of $192.02 on 07/26/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $135.90 and a high of $210.98 in 52 weeks. It has reached a new high 38 times so far this year and achieved 34.19% or $50.90 in price. In spite of this, the price is down -5.30% from the 52-week high.
Insider Transactions
MAR stock investors should be aware that Marriott International Inc. (MAR) stock had its last reported insider trading activity 9 days ago on Aug 17. In this transaction, the insider spent $4,014,387. EVP & CFO, Oberg Kathleen K., disposed of 13,584 shares at a price of $207.56 on Aug 16. The insider now owns more than $2,819,483 worth of shares. Prior to that, Member of 10% Group Marriott Juliana B. went on to Sale 35,000 shares at $203.40 each on Aug 08. An amount of $7,119,000 was transacted.
Valuation Metrics
Marriott International Inc. (MAR) has a trailing price-to-earnings (P/E) ratio of 22.54. The stock’s beta is 1.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.60, and the price-to-cash flow ratio at 24.39.
The company has a payout ratio of 18.20%. The company’s most recent quarterly dividend payment was $0.52 a share, without any change from last year. Its latest increase dividend $0.12 reported on Friday May 12 2023.
Financial Health
The quick ratio of Marriott International Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Marriott International Inc.’s EBITDA margin for the year ending June 29 is 18.22%, while its operating margin for the same period stands at 17.50%. Its gross profit as reported stood at $4.56 billion compared to revenue of $20.77 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Marriott International Inc.’s return on assets was 11.20%.
Earnings Surprise
For the three-month period that ended June 29, Marriott International Inc. had $10.4 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $726.0 million in the quarter, while revenues were grew 6.61%. The analyst consensus anticipated Marriott International Inc.’s latest quarter earnings to come in at $2.18 per share, but it turned out to be $2.26, a 3.70% surprise. For the quarter, EBITDA amounted to $1.17 billion. Shareholders own equity worth $298.24 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Marriott International Inc. (MAR) price momentum. RSI 9-day as of the close on 25 August was 43.34%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.41%.
As of today, MAR’s price is $201.12 -1.14% or -$2.30 from its 5-day moving average. MAR is currently trading +0.09% higher than its 20-day SMA and +21.48% higher than its 100-day SMA. However, the stock’s current price level is +10.10% above the SMA50 and +34.67% above the SMA200.
The stochastic %K and %D were 17.55% and 27.34%, respectively, and the average true range (ATR) was 4.27. With the 14-day stochastic at 12.24% and the average true range at 4.21, the RSI (14) stands at 49.59%. The stock has reached -1.89 on the 9-day MACD Oscillator while the 14-day reading was at -3.59.
Analyst Ratings
Bernstein downgraded Marriott International Inc. (NASDAQ: MAR) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Marriott International Inc. (MAR) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MAR, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is MAR’s price target for the next 12 months?
Analysts predict a range of price targets between $160.00 and $230.00, with a median target of $206.50. Taking a look at these predictions, the average price target given by analysts for Marriott International Inc. (MAR) stock is $204.06.
