Marriott International Inc. (NASDAQ:MAR) price is hovering lower on Wednesday, September 15, dropping -0.68% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $142.34, with intraday deals fluctuating between $139.00 and $142.69. The company’s 5Y monthly beta was ticking 1.86 while its P/E ratio in the trailing 12-month period read 135.30. Taking into account the 52-week price action we note that the stock hit a 52-week high of $159.98 and 52-week low of $88.92. The stock added 5.92% on its value in the past month.
Marriott International Inc., which has a market valuation of $46.51 billion, is expected to release its quarterly earnings report Nov 04, 2021 – Nov 08, 2021. Analysts tracking MAR have forecast the quarterly EPS to grow by 0.97 per share this quarter, while the same analysts predict the annual EPS to hit $2.81 for the year 2021 and up to $5.18 for 2022. In this case, analysts estimate an annual EPS growth of 1,461.10% for the year and 84.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $3.77 billion, with the likely lows of $3.23 billion and highs of $4.53 billion. The average estimate suggests sales growth for the quarter will likely rise by 68.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $13.41 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 26.80% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MAR a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 24 analysts have assigned MAR a recommendation rating as follows: 16 rate it as a Hold; 7 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Marriott International Inc. (MAR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that MAR’s price is at present 4.92% off the SMA20 and 2.71% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.55, with weekly volatility standing at 2.84%. The indicator jumps to 2.25% when calculated based on the past 30 days. Marriott International Inc. (NASDAQ:MAR)’s beta value is holding at 1.85, while the average true range (ATR) indicator is currently reading 3.35. Considering analysts have assigned the stock a price target range of $130.00-$175.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $150.90. Based on this estimate, we see that today’s price at last check is roughly 8.04% off the estimated low and -23.79% off the forecast high. Investors will no doubt be excited to see the share price fall to $146.50, which is the median consensus price, and at that level MAR would be -3.63% from recent price.
Turning out attention to how the Marriott International Inc. stock has performed in comparison to its peers in the industry, here’s what we find: MAR’s stock is -0.68% on the day and 35.98% in the past 12 months. Another comparison is with Hilton Worldwide Holdings Inc. (HLT) whose stock price is down -1.91% in the current trading session, and has flourished 42.80% over the past year. Also, InterContinental Hotels Group PLC (IHG) is currently showing down trend of -3.02% while its price kept floating at 12.31% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.26% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.23%.
An analysis of the Marriott International Inc. (NASDAQ:MAR) stock in terms of its daily trading volume indicates that the 3-month average is 2.08 million.
Current records show that the company has 327.10M in outstanding shares. The insiders’ percentage holdings are 0.40% of outstanding shares while the percentage share held by institutions stands at 60.60%. But the 7.90% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.