Marriott International (MAR) Upgraded to Strong-Buy at BidaskClub
Marriott International (NASDAQ:MAR) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.
A number of other analysts have also recently weighed in on MAR. Robert W. Baird reaffirmed a “hold” rating and set a $103.00 price target on shares of Marriott International in a research report on Sunday, September 17th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus upped their price target on shares of Marriott International from $95.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, August 8th. UBS AG reaffirmed a “neutral” rating and set a $101.00 price target (up from $98.00) on shares of Marriott International in a research report on Monday, August 14th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $113.00 price target (up from $111.00) on shares of Marriott International in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $100.81.
Marriott International (NASDAQ:MAR) traded up 0.31% on Friday, hitting $107.90. The stock had a trading volume of 467,225 shares. The firm has a market cap of $40.18 billion, a price-to-earnings ratio of 35.41 and a beta of 1.36. The company’s 50-day moving average price is $102.54 and its 200 day moving average price is $99.47. Marriott International has a one year low of $65.91 and a one year high of $110.51.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 7th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 48.5% on a year-over-year basis. Analysts expect that Marriott International will post $4.13 earnings per share for the current year.
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In related news, EVP Anthony Capuano sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $100.72, for a total transaction of $503,600.00. Following the completion of the sale, the executive vice president now directly owns 56,405 shares in the company, valued at $5,681,111.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the sale, the insider now owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The disclosure for this sale can be found here. Insiders have sold 110,927 shares of company stock valued at $11,316,268 over the last 90 days. 11.32% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in Marriott International by 1,490.1% in the 2nd 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 during the period. Oppenheimer Asset Management Inc. acquired a new position in Marriott International in the 1st quarter worth approximately $115,000. Baker Ellis Asset Management LLC acquired a new position in Marriott International in the 2nd quarter worth approximately $133,000. TrimTabs Asset Management LLC boosted its stake in Marriott International by 89.1% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,562 shares of the company’s stock worth $147,000 after purchasing an additional 736 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in Marriott International by 3.3% in the 2nd quarter. North Star Investment Management Corp. now owns 1,583 shares of the company’s stock worth $159,000 after purchasing an additional 50 shares during the period. 65.88% of the stock is owned by hedge funds and other institutional investors.
About Marriott International
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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