Marriott International (MAR) Receives $128.50 Average Price Target from Brokerages

Marriott International (NASDAQ:MAR) has earned an average rating of “Buy” from the nineteen research firms that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $128.50.

Several research firms have weighed in on MAR. Robert W. Baird reaffirmed a “hold” rating and issued a $138.00 price target on shares of Marriott International in a research note on Thursday, April 19th. Zacks Investment Research downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine raised shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Deutsche Bank lifted their price target on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and issued a $161.00 price target (up from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th.

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In other Marriott International news, Director Susan C. Schwab acquired 250 shares of Marriott International stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average cost of $141.47 per share, for a total transaction of $35,367.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Blake Marriott sold 1,000 shares of Marriott International stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $143.83, for a total transaction of $143,830.00. Following the transaction, the insider now owns 144,601 shares of the company’s stock, valued at $20,797,961.83. The disclosure for this sale can be found here. Insiders have sold 95,422 shares of company stock valued at $13,449,648 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MAR. Valeo Financial Advisors LLC boosted its holdings in Marriott International by 367.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after purchasing an additional 580 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in Marriott International during the fourth quarter worth about $128,000. Newport Wealth Strategies Inc. purchased a new position in Marriott International during the fourth quarter worth about $206,000. KCS Wealth Advisory purchased a new position in Marriott International during the fourth quarter worth about $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Marriott International during the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

MAR traded up $0.35 during midday trading on Friday, hitting $137.25. The company had a trading volume of 1,123,208 shares, compared to its average volume of 2,300,085. Marriott International has a 52 week low of $93.70 and a 52 week high of $149.21. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 2.10. The company has a market cap of $49,120.11, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.54 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts forecast that Marriott International will post 5.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, February 22nd. Marriott International’s dividend payout ratio is currently 30.28%.

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Marriott International Company Profile

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

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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