Marriott International, Inc. (NASDAQ:MAR) Receives Consensus Rating of “Hold” from Analysts

Shares of Marriott International, Inc. (NASDAQ:MARGet Rating) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $178.91.

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their target price on Marriott International from $155.00 to $175.00 in a research note on Tuesday, February 15th. Truist Financial boosted their target price on Marriott International from $156.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, February 16th. Wells Fargo & Company boosted their target price on Marriott International from $185.00 to $199.00 in a research note on Wednesday, February 16th. Loop Capital upped their price objective on Marriott International from $163.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Finally, TheStreet upgraded Marriott International from a “c+” rating to a “b-” rating in a research note on Monday, March 21st.

NASDAQ:MAR opened at $173.04 on Wednesday. Marriott International has a fifty-two week low of $127.23 and a fifty-two week high of $195.90. The company has a debt-to-equity ratio of 6.60, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $56.63 billion, a PE ratio of 51.81 and a beta of 1.56. The business’s 50-day simple moving average is $171.64 and its 200-day simple moving average is $164.64.

Marriott International (NASDAQ:MARGet Rating) last released its quarterly earnings data on Tuesday, February 15th. The company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.28. Marriott International had a return on equity of 125.04% and a net margin of 7.93%. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the business posted $0.12 EPS. Marriott International’s revenue for the quarter was up 104.7% on a year-over-year basis. On average, research analysts expect that Marriott International will post 5.57 earnings per share for the current year.

In other news, CFO Kathleen K. Oberg sold 10,071 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig S. Smith sold 3,647 shares of the company’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $185.00, for a total value of $674,695.00. Following the sale, the insider now owns 19,252 shares of the company’s stock, valued at $3,561,620. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,373 shares of company stock worth $3,677,904. Insiders own 12.21% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Marriott International by 0.9% during the 4th quarter. BlackRock Inc. now owns 15,833,129 shares of the company’s stock worth $2,616,267,000 after buying an additional 135,812 shares during the last quarter. State Street Corp raised its position in Marriott International by 5.3% in the fourth quarter. State Street Corp now owns 12,139,062 shares of the company’s stock valued at $2,005,859,000 after purchasing an additional 609,192 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Marriott International by 9.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,494,326 shares of the company’s stock valued at $1,073,124,000 after purchasing an additional 548,671 shares during the last quarter. Capital World Investors raised its position in Marriott International by 0.6% in the fourth quarter. Capital World Investors now owns 5,535,829 shares of the company’s stock valued at $914,740,000 after purchasing an additional 32,934 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Marriott International by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 4,435,619 shares of the company’s stock valued at $730,760,000 after purchasing an additional 113,388 shares during the last quarter. Institutional investors and hedge funds own 59.86% of the company’s stock.

About Marriott International (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

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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