Marriott International (NASDAQ:MAR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Marriott has been on healthy growth trajectory, of late. The company seems to be benefiting from Starwood acquisition, rising North-American business, sizeable international exposure and an attractive brand-position. In fact, these factors along with the positive earnings streak for the 15th straight quarter and an upbeat earnings 2018 outlook, aided the stock to outperform the industry in a year’s time. Moreover, strong RevPAR gains and room growth drove the company’s performance. Marriott anticipates earnings for 2018 in the band of $5.43-$5.55 per share, up from $5.11-$5.34 guided earlier. The company is also consistently trying to expand its presence worldwide and capitalize on the demand for hotels in the international markets. The company is very optimistic about growth opportunity in India. Yet, lingering political uncertainties in key international markets and currency headwinds might persistently limit revenue growth.”
A number of other analysts also recently issued reports on MAR. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $146.00 to $155.00 in a report on Thursday, May 17th. Deutsche Bank restated a “hold” rating and set a $141.00 price objective on shares of Marriott International in a report on Thursday, May 10th. Robert W. Baird restated a “hold” rating and set a $138.00 price objective on shares of Marriott International in a report on Thursday, April 19th. ValuEngine upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Susquehanna Bancshares restated a “positive” rating and set a $161.00 price objective (up previously from $145.00) on shares of Marriott International in a report on Tuesday, February 13th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $133.15.
Shares of MAR stock traded down $0.71 on Tuesday, hitting $138.09. The stock had a trading volume of 24,819 shares, compared to its average volume of 1,884,938. The company has a market cap of $48.95 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.19 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.49 and a quick ratio of 0.49. Marriott International has a 12-month low of $96.90 and a 12-month high of $149.21.
Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, May 8th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.12. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.78 billion. Marriott International had a net margin of 6.29% and a return on equity of 41.82%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 earnings per share. research analysts expect that Marriott International will post 5.49 earnings per share for the current fiscal year.
In other Marriott International news, insider Deborah Marriott Harrison sold 80,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $140.94, for a total transaction of $11,275,200.00. Following the completion of the sale, the insider now directly owns 116,092 shares in the company, valued at $16,362,006.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab purchased 250 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were acquired at an average cost of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 97,606 shares of company stock valued at $13,752,874. 12.99% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of MAR. Two Sigma Investments LP purchased a new position in shares of Marriott International during the fourth quarter worth approximately $185,269,000. Two Sigma Advisers LP raised its stake in shares of Marriott International by 93.4% during the fourth quarter. Two Sigma Advisers LP now owns 1,767,082 shares of the company’s stock worth $239,846,000 after acquiring an additional 853,341 shares in the last quarter. Cbre Clarion Securities LLC purchased a new position in shares of Marriott International during the fourth quarter worth approximately $104,785,000. PNC Financial Services Group Inc. raised its stake in shares of Marriott International by 207.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,000,670 shares of the company’s stock worth $136,071,000 after acquiring an additional 675,413 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Marriott International by 83.9% during the fourth quarter. Deutsche Bank AG now owns 1,313,016 shares of the company’s stock worth $178,209,000 after acquiring an additional 599,099 shares in the last quarter. 63.95% of the stock is currently owned by hedge funds and other 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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