Monthly Stock Analysis: Marriott International (MAR)
Publication Date: September 22, 2024
Company Overview
Marriott International (MAR), based in Bethesda, Maryland, is a leading competitor in the global lodging industry. Founded in 1927, the company operates, franchises, and licenses an extensive array of accommodations, including prestigious brands like JW Marriott, The Ritz-Carlton, and Sheraton. With a significant market presence solidified since its initial public offering on May 29, 1998, Marriott continues to navigate the consumer cyclical sector with operational flexibility and strategic growth opportunities within the hospitality market.
Currently, the lodging industry is under scrutiny, with a revenue estimate of approximately $6.47 billion. The stock has a strong target high price set at $275.00, suggesting potential growth; however, investors are advised to exercise caution. The present market analysis recommends a “hold” position, reflecting prudent consideration of market conditions and performance indicators.
Market Insights and Stock Performance
Marriott International has 281,523,008 outstanding shares, with 4,217,757 shares sold short, which translates to a short interest of about 1.93% of its float shares (244,251,967). This relatively low short percentage reflects a broadly positive investor sentiment toward the stock, typically indicating confidence in its performance.
As of today, the stock is trading at $244.39, amidst a 52-week range of $180.75 to $260.57. This trading activity suggests it is currently above its fifty-day moving average of $229.96, showcasing bullish momentum in recent short-term trends. Analysts have set a mean target price for the stock at approximately $245.62, indicating modest upside potential but with a recommendation to hold. The average recommendation rating stands at 2.6, embodying a stance of cautious optimism among analysts.
Future Outlook
Marriott’s stock demonstrates notable volatility, with a target high of $275.00 and a lows estimated at $195.00. While current metrics indicate a favorable trading position, investors should remain mindful of past fluctuations and cautious of market conditions. As the hospitality sector continues to adapt, maintaining current positions may yield better long-term benefits until stronger trends emerge.
In summary, while Marriott International holds a key role in the consumer discretionary space with substantial growth potential, current insights suggest a “hold” strategy may be the best course of action as the market evolves.
| Metric | Value |
|---|---|
| Market Cap | $68.8b |
| Total Debt | $14.0b |
| Total Cash | $349.0m |
| Shares Outstanding | 281.5m |
| Float Shares | 244.3m |
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