Marriott International (NASDAQ:MAR) Cut to Hold at Zacks Investment Research

Marriott International (NASDAQ:MARGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports. They presently have a $200.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 6.34% from the company’s current price.

According to Zacks, “Shares of Marriott have outperformed the industry in the past year. The company is benefiting from its focus on expansion initiatives, digital innovation and the loyalty program. Also, it is gaining from the reopening of the international borders and leniency in travel restrictions. Also, recovery in in business transient and group demand bode well. With global trends improving, the company expects the recovery momentum to continue in the upcoming periods as well. However, coronavirus related woes persists. Due to the same, the company failed to provide earnings and RevPAR guidance for 2022. Although RevPAR is improving sequentially, it is still well below the pre-pandemic level. Earnings estimates for 2022, have declined in the past 30 days, depicting analysts concern regarding the stock growth potential.”

Several other equities research analysts have also recently weighed in on MAR. Morgan Stanley raised their price objective on shares of Marriott International from $158.00 to $172.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 16th. Stifel Nicolaus raised their target price on shares of Marriott International from $155.00 to $175.00 in a research note on Tuesday, February 15th. TheStreet raised shares of Marriott International from a “c+” rating to a “b-” rating in a research note on Monday, March 21st. BMO Capital Markets raised their target price on shares of Marriott International from $170.00 to $178.00 and gave the company a “market perform” rating in a research note on Wednesday, February 16th. Finally, Loop Capital lifted their price objective on shares of Marriott International from $163.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $178.91.

Shares of Marriott International stock traded down $2.23 during mid-day trading on Thursday, reaching $188.07. 70,119 shares of the stock were exchanged, compared to its average volume of 2,474,190. The company has a market cap of $61.55 billion, a price-to-earnings ratio of 56.31 and a beta of 1.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 6.60. The firm has a 50-day simple moving average of $170.80 and a 200 day simple moving average of $163.14. Marriott International has a fifty-two week low of $127.23 and a fifty-two week high of $193.79.

Marriott International (NASDAQ:MARGet Rating) last posted its quarterly earnings data on Tuesday, February 15th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.28. The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Marriott International had a net margin of 7.93% and a return on equity of 125.04%. The company’s quarterly revenue was up 104.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. On average, research analysts predict that Marriott International will post 5.52 EPS for the current fiscal year.

In related news, insider William P. Brown sold 2,826 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $179.82, for a total transaction of $508,171.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 10,071 shares of the business’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $180.21, for a total transaction of $1,814,894.91. The disclosure for this sale can be found here. Insiders sold 16,726 shares of company stock worth $3,003,209 over the last quarter. 12.21% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors Inc. boosted its position in shares of Marriott International by 0.9% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 6,984 shares of the company’s stock valued at $1,154,000 after acquiring an additional 60 shares during the period. Investors Research Corp boosted its position in shares of Marriott International by 6.2% in the first quarter. Investors Research Corp now owns 1,062 shares of the company’s stock valued at $187,000 after acquiring an additional 62 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Marriott International by 14.3% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 510 shares of the company’s stock valued at $84,000 after acquiring an additional 64 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Marriott International by 1.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 4,722 shares of the company’s stock valued at $780,000 after acquiring an additional 67 shares during the period. Finally, Veriti Management LLC boosted its position in shares of Marriott International by 2.9% in the first quarter. Veriti Management LLC now owns 2,382 shares of the company’s stock valued at $419,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 59.16% of the company’s stock.

Marriott International Company Profile (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

Further Reading

Get a free copy of the Zacks research report on Marriott International (MAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Marriott International (NASDAQ:MAR)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.