Marriott Stock Rating Reaffirmed by Zacks (MAR)
Zacks reissued their neutral rating on shares of Marriott (NYSE: MAR) in a research report released on Thursday morning, Stock Ratings Network reports. Zacks currently has a $43.00 price target on the stock.
Zacks’ analyst wrote, “Marriot’s fourth-quarter 2012 adjusted earnings and revenues were ahead of the Zacks Consensus Estimate and the year-ago results. Its strong pipeline, significant international exposure, lower operating cost structure and frequent shareholder returns are positives for the stock. Additionally, Marriott is poised to benefit from low supply growth in North America given an increased demand scenario both in group and leisure business lines. Marriott’s latest deal to manage Gaylord also remains strategically sound. However, we remain cautious on the stock due to slower growth in some international markets and lingering concerns as well as tough comparison in Europe. Thus, we remain Neutral on the stock. “
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust reiterated a buy rating on shares of Marriott in a research note to investors on Thursday. They now have a $48.00 price target on the stock. Separately, analysts at Barclays Capital reiterated an equal weight rating on shares of Marriott in a research note to investors on Wednesday, April 3rd. They now have a $41.00 price target on the stock. Finally, analysts at Susquehanna reiterated a positive rating on shares of Marriott in a research note to investors on Thursday, February 28th. They now have a $47.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $41.16.
Shares of Marriott (NYSE: MAR) traded up 1.24% during mid-day trading on Thursday, hitting $41.165. Marriott has a 52 week low of $33.93 and a 52 week high of $42.27. The stock’s 50-day moving average is currently $40.13. The company has a market cap of $12.858 billion and a P/E ratio of 23.64.
Marriott International, Inc. is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.
To view Zacks’ full report, visit www.zacks.com
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