#5 - Marriott International (NASDAQ:MAR)
Marriott International Inc. (NASDAQ: MAR) has been one of the best-performing travel stocks since 2020. In the last five years, MAR stock has delivered a total return of over 81% to investors. And despite difficult comparisons to 2023, the company has delivered year-over-year gains in revenue and earnings in the first two quarters of 2024.
So, investors have to ask themselves: Is the nearly 15% pullback in MAR stock since the company’s last earnings report a buying opportunity as interest rates get lower and demand will likely increase?
That dip has turned MAR stock negative for the year. And with the stock only having about 9% upside, Marriott International analyst forecasts on MarketBeat suggest caution. Plus, Marriott stock is trading at around 24x forward earnings, which is more expensive than the sector average.
However, analysts are projecting 13% earnings growth in the next 12 months. And investors are getting a dividend with an annualized three-year growth rate of 59%.
About Marriott International
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.
Read More - Current Price
- $283.96
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $266.25 (6.2% Downside)
