Raymond James Lowers Marriott International (MAR) Price Target to $137.00

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Marriott International (NASDAQ:MAR) had its target price dropped by Raymond James from $140.00 to $137.00 in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the stock. Raymond James’ price target would suggest a potential upside of 17.05% from the stock’s current price.

MAR has been the topic of a number of other research reports. Robert W. Baird set a $133.00 price target on shares of Marriott International and gave the stock a “hold” rating in a research note on Friday, October 19th. Zacks Investment Research downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Morgan Stanley decreased their price target on shares of Marriott International from $143.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 8th. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Longbow Research assumed coverage on shares of Marriott International in a research note on Friday, September 7th. They set a “buy” rating and a $156.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $140.93.

MAR opened at $117.04 on Thursday. Marriott International has a fifty-two week low of $106.96 and a fifty-two week high of $149.21. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.48 and a current ratio of 0.46. The firm has a market cap of $39.62 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.39. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The firm had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Marriott International will post 6.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Centaurus Financial Inc. bought a new position in shares of Marriott International in the second quarter valued at about $102,000. Sun Life Financial INC raised its holdings in shares of Marriott International by 331.6% in the second quarter. Sun Life Financial INC now owns 807 shares of the company’s stock valued at $102,000 after buying an additional 620 shares during the last quarter. Fort L.P. bought a new position in shares of Marriott International in the second quarter valued at about $114,000. CenterStar Asset Management LLC bought a new position in shares of Marriott International in the third quarter valued at about $133,000. Finally, Pathstone Family Office LLC bought a new position in shares of Marriott International in the third quarter valued at about $132,000. 62.03% of the stock is 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 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.

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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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