Marriott International (MAR) Price Target Raised to $141.00 at Deutsche Bank

Marriott International (NASDAQ:MAR) had its price objective hoisted by Deutsche Bank from $136.00 to $141.00 in a report issued on Friday morning. They currently have a hold rating on the stock.

Several other analysts have also issued reports on MAR. Zacks Investment Research upgraded shares of Marriott International from a hold rating to a buy rating and set a $130.00 price objective on the stock in a report on Thursday, October 26th. Royal Bank of Canada restated a buy rating on shares of Marriott International in a report on Tuesday, November 7th. Stifel Nicolaus restated a hold rating and issued a $115.00 price objective (up from $98.00) on shares of Marriott International in a report on Wednesday, November 8th. SunTrust Banks boosted their price objective on shares of Marriott International to $108.00 and gave the company a hold rating in a report on Thursday, November 9th. Finally, Morgan Stanley boosted their price objective on shares of Marriott International from $110.00 to $112.00 and gave the company an overweight rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $120.58.

Shares of Marriott International (MAR) traded down $2.79 on Friday, reaching $138.50. 2,855,444 shares of the company traded hands, compared to its average volume of 2,450,000. The stock has a market cap of $49,500.00, a price-to-earnings ratio of 26.74, a P/E/G ratio of 2.23 and a beta of 1.35. Marriott International has a 12-month low of $85.63 and a 12-month high of $149.21. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. The firm had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 34.05%. Marriott International’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. research analysts anticipate that Marriott International will post 5.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, February 22nd. Marriott International’s dividend payout ratio is currently 25.48%.

Marriott International declared that its board has authorized a stock repurchase plan on Thursday, November 9th that permits the company to repurchase 30,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director Eric Hippeau sold 4,863 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.98, for a total transaction of $612,640.74. Following the completion of the transaction, the director now directly owns 34,245 shares of the company’s stock, valued at $4,314,185.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Craig S. Smith sold 5,840 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the transaction, the insider now directly owns 26,317 shares of the company’s stock, valued at $3,585,954.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,442 shares of company stock valued at $9,770,766. 11.32% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. grew its position in shares of Marriott International by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 27,074 shares of the company’s stock worth $3,675,000 after buying an additional 376 shares in the last quarter. Advantus Capital Management Inc grew its position in shares of Marriott International by 1.4% during the third quarter. Advantus Capital Management Inc now owns 31,706 shares of the company’s stock worth $3,496,000 after buying an additional 426 shares in the last quarter. Piedmont Investment Advisors LLC grew its position in shares of Marriott International by 0.6% during the third quarter. Piedmont Investment Advisors LLC now owns 71,759 shares of the company’s stock worth $7,912,000 after buying an additional 433 shares in the last quarter. HL Financial Services LLC grew its position in shares of Marriott International by 2.5% during the third quarter. HL Financial Services LLC now owns 17,941 shares of the company’s stock worth $1,978,000 after buying an additional 436 shares in the last quarter. Finally, D Orazio & Associates Inc. grew its position in shares of Marriott International by 4.2% during the fourth quarter. D Orazio & Associates Inc. now owns 11,031 shares of the company’s stock worth $1,497,000 after buying an additional 443 shares in the last quarter. 66.62% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Marriott International (MAR) Price Target Raised to $141.00 at Deutsche Bank” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://stocknewstimes.com/2018/02/17/marriott-international-mar-price-target-raised-to-141-00-at-deutsche-bank.html.

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.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply