BMO Capital Markets Reiterates Hold Rating for Marriott International (NASDAQ:MAR)

Marriott International (NASDAQ:MAR)‘s stock had its “hold” rating reissued by BMO Capital Markets in a note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $128.00 price target on the stock. BMO Capital Markets’ target price would suggest a potential downside of 3.80% from the stock’s previous close.

MAR has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, September 6th. ValuEngine upgraded Marriott International from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Deutsche Bank reiterated a “hold” rating and issued a $123.00 price objective on shares of Marriott International in a report on Wednesday, August 7th. Morgan Stanley increased their price objective on Marriott International from $123.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada increased their price objective on Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Marriott International currently has a consensus rating of “Hold” and a consensus target price of $135.60.

MAR opened at $133.06 on Wednesday. The stock has a fifty day simple moving average of $123.85 and a two-hundred day simple moving average of $130.94. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 3.27 and a beta of 1.27. Marriott International has a 12-month low of $100.62 and a 12-month high of $144.24.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.14 billion. Marriott International had a return on equity of 117.92% and a net margin of 6.28%. Marriott International’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. On average, analysts predict that Marriott International will post 5.91 EPS for the current year.

In related news, Director George Munoz sold 4,866 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total transaction of $650,146.26. Following the sale, the director now directly owns 6,754 shares of the company’s stock, valued at $902,401.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce W. Duncan sold 3,376 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total value of $446,172.16. Following the sale, the director now directly owns 14,600 shares in the company, valued at $1,929,536. The disclosure for this sale can be found here. Insiders have sold 23,157 shares of company stock valued at $3,008,421 over the last 90 days. Corporate insiders own 12.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its position in Marriott International by 0.8% in the second quarter. Aperio Group LLC now owns 224,463 shares of the company’s stock worth $31,490,000 after purchasing an additional 1,731 shares during the last quarter. Lincoln Capital LLC raised its stake in shares of Marriott International by 14.7% in the third quarter. Lincoln Capital LLC now owns 12,112 shares of the company’s stock worth $1,506,000 after buying an additional 1,552 shares during the period. Hancock Whitney Corp raised its stake in shares of Marriott International by 18.6% in the second quarter. Hancock Whitney Corp now owns 2,944 shares of the company’s stock worth $413,000 after buying an additional 461 shares during the period. BB&T Corp raised its stake in shares of Marriott International by 11.8% in the second quarter. BB&T Corp now owns 9,489 shares of the company’s stock worth $1,332,000 after buying an additional 1,001 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Marriott International by 618.3% in the second quarter. AQR Capital Management LLC now owns 27,599 shares of the company’s stock worth $3,872,000 after buying an additional 23,757 shares during the period. 63.31% of the stock is currently owned by institutional investors.

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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