ValuEngine Downgrades Marriott International (NASDAQ:MAR) to Sell

Marriott International (NASDAQ:MAR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Deutsche Bank reaffirmed a “hold” rating and issued a $123.00 price target on shares of Marriott International in a report on Wednesday, August 7th. Morgan Stanley increased their price target on shares of Marriott International from $123.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Sanford C. Bernstein initiated coverage on shares of Marriott International in a report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 price target for the company. Finally, BidaskClub downgraded shares of Marriott International from a “sell” rating to a “strong sell” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $134.00.

Shares of NASDAQ:MAR opened at $121.18 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93. Marriott International has a 12 month low of $100.62 and a 12 month high of $144.24. The company has a 50-day moving average price of $125.57 and a 200 day moving average price of $131.68. The company has a market cap of $39.03 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.65 and a beta of 1.28.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.56. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the firm earned $1.73 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Marriott International will post 6.01 EPS for the current year.

In other Marriott International news, insider Craig S. Smith sold 14,915 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $128.20, for a total value of $1,912,103.00. Following the completion of the sale, the insider now owns 18,062 shares of the company’s stock, valued at $2,315,548.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce W. Duncan sold 3,376 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $132.16, for a total transaction of $446,172.16. Following the completion of the sale, the director now directly owns 14,600 shares of the company’s stock, valued at approximately $1,929,536. The disclosure for this sale can be found here. In the last three months, insiders sold 23,157 shares of company stock valued at $3,008,421. 12.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meridian Wealth Management LLC bought a new stake in Marriott International in the second quarter worth about $25,000. NuWave Investment Management LLC lifted its stake in Marriott International by 373.9% in the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. TLW Wealth Management LLC purchased a new position in shares of Marriott International during the second quarter worth approximately $31,000. Rational Advisors LLC increased its position in shares of Marriott International by 373.9% during the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 172 shares during the period. Finally, Motco purchased a new position in shares of Marriott International during the second quarter worth approximately $40,000. 63.21% of the stock is owned by institutional investors and hedge funds.

Marriott International Company Profile

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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