Marriott International, Inc. (NASDAQ:MAR) price on Wednesday, May 29, fall -2.43% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $228.46.
A look at the stock’s price movement, the close in the last trading session was $234.14. The PE ratio in trailing twelve months stood at 23.58. Turning to its 52-week performance, $260.57 and $165.13 were the 52-week high and 52-week low respectively. Overall, MAR moved -5.00% over the past month.
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Marriott International, Inc.’s market cap currently stands at around $65.25 billion. The company has a Forward Dividend ratio of 2.19, with its dividend yield at 0.96%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 6.49B for the company’s revenue for the quarter, with a low and high estimate of 6.16B and 6.72B respectively. The average forecast suggests up to a 8.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 25.48B, representing a 7.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MAR is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
The technical evaluation for the stock shows the PEG ratio is 3.55, with MAR’s current price about -3.40% and -6.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.34, while 7-day volatility ratio is 1.83% and 1.70% in the 30-day chart. Further, Marriott International, Inc. (MAR) has a beta value of 1.61, and an average true range (ATR) of 4.37.
If we refocus on Marriott International, Inc. (NASDAQ:MAR), historical trading data shows that trading volumes averaged 1.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 290.54 million shares.
The 16.14% of Marriott International, Inc.’s shares are in the hands of company insiders while institutional holders own 60.81% of the company’s shares. Current price change has pushed the stock 1.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAR stock continues to rise going into the next quarter.
