Marriott International (NASDAQ:MAR) has received an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $96.50.
Several equities analysts recently issued reports on MAR shares. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $111.00 price target on shares of Marriott International in a report on Friday, May 12th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, May 16th. Goldman Sachs Group, Inc. (The) cut Marriott International from a “conviction-buy” rating to a “buy” rating and set a $105.00 price target on the stock. in a report on Tuesday, April 11th. Canaccord Genuity reiterated a “buy” rating and issued a $113.00 price target (up previously from $100.00) on shares of Marriott International in a report on Monday, May 8th. Finally, BidaskClub cut Marriott International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.
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Shares of Marriott International (NASDAQ:MAR) traded down 1.56% during midday trading on Tuesday, reaching $103.49. 2,182,221 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $102.52 and a 200-day moving average of $95.55. Marriott International has a 1-year low of $65.91 and a 1-year high of $110.51. The company has a market capitalization of $39.21 billion, a PE ratio of 36.66 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a return on equity of 38.10% and a net margin of 4.91%. The firm’s quarterly revenue was up 47.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. Equities analysts expect that Marriott International will post $4.04 earnings per share for the current fiscal year.
In related news, Director Mary K. Bush sold 1,200 shares of Marriott International stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $100.89, for a total value of $121,068.00. Following the sale, the director now owns 1,101 shares of the company’s stock, valued at approximately $111,079.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Argiris Kyriakidis sold 3,800 shares of Marriott International stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $102.94, for a total value of $391,172.00. Following the completion of the sale, the insider now directly owns 19,079 shares in the company, valued at approximately $1,963,992.26. The disclosure for this sale can be found here. Insiders have sold a total of 55,117 shares of company stock worth $5,685,295 in the last quarter. 17.07% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Gradient Investments LLC increased its position in shares of Marriott International by 0.3% in the second quarter. Gradient Investments LLC now owns 2,011 shares of the company’s stock worth $202,000 after buying an additional 6 shares in the last quarter. Alexandria Capital LLC increased its position in shares of Marriott International by 0.7% in the second quarter. Alexandria Capital LLC now owns 1,644 shares of the company’s stock worth $165,000 after buying an additional 12 shares in the last quarter. First Bank & Trust increased its position in shares of Marriott International by 1.2% in the second quarter. First Bank & Trust now owns 1,701 shares of the company’s stock worth $171,000 after buying an additional 20 shares in the last quarter. Geneva Advisors LLC increased its position in shares of Marriott International by 1.3% in the first quarter. Geneva Advisors LLC now owns 2,893 shares of the company’s stock worth $272,000 after buying an additional 38 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC increased its position in shares of Marriott International by 0.5% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 8,741 shares of the company’s stock worth $823,000 after buying an additional 45 shares in the last quarter. 67.03% of the stock is currently owned by institutional investors and hedge funds.
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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