Marriott International (NASDAQ:MAR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.
A number of other equities analysts also recently issued reports on the company. Wells Fargo & Co set a $127.00 price target on Marriott International and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Robert W. Baird set a $133.00 price target on Marriott International and gave the stock a “hold” rating in a research report on Friday, October 19th. Raymond James reduced their price target on Marriott International from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. SunTrust Banks reduced their price target on Marriott International to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 7th. Finally, Argus downgraded Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Marriott International has a consensus rating of “Hold” and an average target price of $138.33.
Marriott International stock opened at $109.05 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 3.75. The firm has a market cap of $37.28 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.53 and a beta of 1.26. Marriott International has a twelve month low of $100.62 and a twelve month high of $149.21.
Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.39. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.28 billion. Marriott International had a return on equity of 68.01% and a net margin of 7.95%. Marriott International’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Analysts anticipate that Marriott International will post 6.18 earnings per share for the current fiscal year.
In related news, Director Eric Hippeau sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $116.23, for a total value of $1,046,070.00. Following the transaction, the director now directly owns 21,762 shares of the company’s stock, valued at approximately $2,529,397.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of MAR. USS Investment Management Ltd acquired a new stake in Marriott International in the 3rd quarter valued at approximately $122,802,000. UMB Bank N A MO increased its holdings in Marriott International by 16.4% in the 3rd quarter. UMB Bank N A MO now owns 174,351 shares of the company’s stock valued at $23,019,000 after purchasing an additional 24,584 shares during the last quarter. Abner Herrman & Brock LLC increased its holdings in Marriott International by 3.8% in the 3rd quarter. Abner Herrman & Brock LLC now owns 176,800 shares of the company’s stock valued at $23,343,000 after purchasing an additional 6,413 shares during the last quarter. CenterStar Asset Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at approximately $133,000. Finally, Fiduciary Group LLC acquired a new stake in Marriott International in the 3rd quarter valued at approximately $376,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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