#6 - Marriott (NASDAQ:MAR)
I wrote about Marriott (NASDAQ:MAR) at about this time last year. Perhaps full of cockeyed optimism, I made the association that good stocks do not suddenly become bad. And that regarding the impact of the virus, the known would be worse than the unknown.
Well perhaps Marriott would have liked the known to be not quite as bad. But I still hold a bullish sentiment towards Marriott. Of the stocks on this list, it is still down from pre-pandemic levels. The company’s revenue has also taken a major hit and will likely be about 50% less on a year-over-year basis.
Marriott is also one of the most covered hotel stocks by analysts. And they’re pretty lukewarm to the company as well. The 23 analysts that have rated the stock have a consensus hold.
I still like the stock. Revenue and earnings are trending the right way. And the company has a portfolio of iconic brand names. The company has solid fundamentals and over time, fundamentals will matter as the hotel industry comes out of this pandemic.
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
- $284.29
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $259.00 (8.9% Downside)
