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.
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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