Marriott International’s (MAR) “Hold” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus reissued their hold rating on shares of Marriott International (NASDAQ:MAR) in a research note published on Wednesday. They currently have a $115.00 price target on the stock, up from their previous price target of $98.00.
Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co reiterated an overweight rating and issued a $113.00 target price (up from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. Berenberg Bank reiterated a buy rating and issued a $125.00 target price on shares of Marriott International in a report on Friday, August 18th. BidaskClub upgraded Marriott International from a buy rating to a strong-buy rating in a report on Tuesday, August 8th. Wolfe Research upgraded Marriott International from a market perform rating to an outperform rating in a report on Wednesday, August 30th. Finally, Royal Bank Of Canada reissued a buy rating on shares of Marriott International in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Marriott International has an average rating of Buy and an average target price of $102.31.
Marriott International (MAR) opened at $120.89 on Wednesday. Marriott International has a 1-year low of $69.04 and a 1-year high of $123.31. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $45,427.80, a price-to-earnings ratio of 31.28, a P/E/G ratio of 3.21 and a beta of 1.34.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business earned $0.91 EPS. Marriott International’s revenue was up 43.7% compared to the same quarter last year. equities analysts expect that Marriott International will post 4.14 earnings per share for the current year.
In other news, EVP Edward A. Ryan sold 4,453 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $103.81, for a total value of $462,265.93. Following the sale, the executive vice president now owns 80,406 shares in the company, valued at $8,346,946.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $99.84, for a total value of $2,995,200.00. Following the completion of the sale, the insider now owns 493,896 shares in the company, valued at approximately $49,310,576.64. The disclosure for this sale can be found here. Insiders sold 110,727 shares of company stock worth $11,339,600 over the last three months. Corporate insiders own 11.32% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC boosted its position in Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after purchasing an additional 1,058 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Marriott International during the first quarter worth approximately $115,000. Baker Ellis Asset Management LLC purchased a new position in Marriott International during the second quarter worth approximately $133,000. First Quadrant L P CA purchased a new position in shares of Marriott International in the third quarter valued at approximately $136,000. Finally, Carroll Financial Associates Inc. lifted its position in shares of Marriott International by 175.6% in the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after acquiring an additional 843 shares in the last quarter. Hedge funds and other institutional investors own 66.06% of the company’s stock.
Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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