Shares of Marriott International (NYSE: $MAR) have received a consensus rating of “Buy” taret 85

Shares of Marriott International (NYSE:MAR) have received a consensus rating of “Buy” from the twenty-three analysts that are covering the company, StockRatingsNetwork reports. Nine analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $66.85.

A number of research firms have recently commented on MAR. Analysts at JPMorgan Chase & Co. raised their price target on shares of Marriott International from $74.00 to $84.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Marriott International in a research note on Thursday, July 31st. They now have a $72.00 price target on the stock, up previously from $65.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marriott International in a research note on Thursday, July 31st. They now have a $69.00 price target on the stock.

Shares of Marriott International (NYSE:MAR) opened at 70.83 on Friday. Marriott International has a one year low of $40.74 and a one year high of $70.98. The stock’s 50-day moving average is $67.04 and its 200-day moving average is $60.6. The company has a market cap of $20.581 billion and a price-to-earnings ratio of 31.79.

Marriott International (NYSE:MAR) last announced its earnings results on Tuesday, July 29th. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.04. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.53 million. During the same quarter last year, the company posted $0.57 earnings per share. Marriott International’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Marriott International will post $2.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, August 19th.

Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories