Sanford C. Bernstein Initiates Coverage on Marriott International (NASDAQ:MAR)

Sanford C. Bernstein initiated coverage on shares of Marriott International (NASDAQ:MAR) in a report released on Wednesday, MarketBeat.com reports. The brokerage set a “market perform” rating and a $136.00 price target on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 1.03% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. BidaskClub cut Marriott International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Citigroup increased their target price on Marriott International from $117.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Deutsche Bank reissued a “hold” rating and set a $123.00 price target on shares of Marriott International in a research note on Wednesday, August 7th. Morgan Stanley raised their price objective on Marriott International from $123.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Longbow Research lowered Marriott International from a “buy” rating to a “neutral” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $134.79.

Shares of NASDAQ:MAR traded up $2.11 during midday trading on Wednesday, reaching $134.62. 19,534 shares of the company’s stock traded hands, compared to its average volume of 1,545,213. The company has a market cap of $43.37 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. Marriott International has a one year low of $100.62 and a one year high of $144.24. The stock has a 50 day moving average of $131.01 and a 200 day moving average of $131.63.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.56 EPS for the quarter, meeting analysts’ consensus estimates of $1.56. The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Marriott International had a return on equity of 113.75% and a net margin of 6.81%. Marriott International’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. Sell-side analysts predict that Marriott International will post 6.03 EPS for the current fiscal year.

In other Marriott International news, insider David Grissen sold 7,662 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $133.43, for a total transaction of $1,022,340.66. Following the completion of the sale, the insider now directly owns 64,392 shares in the company, valued at approximately $8,591,824.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce W. Duncan sold 3,376 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $132.16, for a total value of $446,172.16. Following the sale, the director now owns 14,600 shares of the company’s stock, valued at $1,929,536. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,907 shares of company stock valued at $9,131,475. 12.60% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Meridian Wealth Management LLC purchased a new stake in shares of Marriott International in the second quarter valued at approximately $25,000. Strategy Asset Managers LLC purchased a new stake in shares of Marriott International in the first quarter valued at approximately $29,000. NuWave Investment Management LLC grew its position in shares of Marriott International by 373.9% in the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 172 shares in the last quarter. TLW Wealth Management LLC acquired a new position in Marriott International in the second quarter valued at approximately $31,000. Finally, Rational Advisors LLC lifted its holdings in Marriott International by 373.9% in the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 63.23% of the company’s stock.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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