The stock of Marriott International Inc. (NASDAQ:MAR) decreased by -$2.14 on Tuesday to finish at $198.54, down -1.07 percent. The last five days have seen an average of 2,272,440 shares of common stock traded. 38 times new highs were reached in the current year, with a gain of $49.65. The average number of shares traded over the last 20 days was 1,770,265, while the average volume over the last 50 days totaled 2,114,626.
MAR stock dropped -1.76% since last month. On 09/19/23, the company’s shares reached a one-month low of $196.92. The stock touched a high of $210.98 on 08/10/23, after rallying from a low of $135.90 in 52 weeks. The price of MAR stock has risen by 33.35% or $49.65 this year, reaching a new high 38 times. Still, the stock price is down -5.90% from the 52-week high.
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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 Sep 11. On Sep 11, President, APEC Menon Rajeev sold 8,000 shares at $207.03 each. This transaction resulted in the insider making $1,656,240. On Aug 28, Capuano Anthony sold 20,000 shares at a price of US$202.23. After the transaction, the insider now owns 100,317 shares. Member of 13(d) group Harrison Deborah Marriott had earlier sold 19,549 shares on Aug 17 for $205.35 a share. The transaction was completed for $4,014,387.
Valuation Metrics
Marriott International Inc. (MAR) has a trailing price-to-earnings (P/E) ratio of 22.40. Beta for the stock is 1.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.60, and the price-to-cash flow ratio of 24.33.
Company paid $0.52 per share in dividends, remained unchanged from $0.52 last year. A $0.12 dividend increase was reported on Friday May 12 2023.
Financial Health
For the three months ended June 29, Marriott International Inc.’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 22.40% percent. Marriott International Inc.’s operating margin stood at 17.50% for the same period. Based on annual data, it had gross profit of $4.56 billion and revenue of $20.77 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MAR’s return on assets (ROA) during the last 12 months has been 11.20%. There was a 25.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 720.40%.
Earnings Surprise
According to Marriott International Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.08 billion, while revenues rose by 12.13% to $5.62 billion. It was predicted that Marriott International Inc.’s quarterly earnings would be $2.26, but it ended up being $2.18, beating the consensus by 3.70%. EBITDA was $1.17 billion for the quarter. At the end of Marriott International Inc.’s most recent quarter ended June 29, its liabilities totaled 25.31 billion, while its total debt was $12.3 billion. Equity owned by shareholders amounts to $298.24 million.
Technical Picture
Here’s a quick look at Marriott International Inc.’s (MAR) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 40.33%, suggesting the stock is Neutral, with a 23.07% historical volatility rate.
The stochastic %K and %D were 26.83% and 36.94% respectively, while the average true range (ATR) was 3.91. Based on the 14-day stochastic reading of 14.32%, the RSI (14) reading is 44.68%. On the 9-day MACD Oscillator, the stock is at -1.44, and the 14-day reading is at -1.94.
Analyst Ratings
Marriott International Inc. (NASDAQ: MAR) was downgraded by Bernstein to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Marriott International Inc. (MAR) an Hold rating. MAR is a stock that is recommended for selling by 1 brokerage firm, while 17 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is MAR’s price target for the next 12 months?
The current consensus forecast for the stock is between $160.00 and $235.00, with a median target price of $210.90. In analyzing these forecasts, the average price target given by analysts for Marriott International Inc. (MAR) is $208.94.
