Marriott International Inc (NASDAQ:MAR) – Equities research analysts at Jefferies Financial Group dropped their Q4 2021 earnings estimates for Marriott International in a research report issued on Monday, September 14th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings of $0.53 per share for the quarter, down from their prior estimate of $0.54. Jefferies Financial Group currently has a “Buy” rating and a $125.00 price target on the stock. Jefferies Financial Group also issued estimates for Marriott International’s FY2022 earnings at $5.00 EPS.
Several other research firms also recently issued reports on MAR. Gordon Haskett initiated coverage on Marriott International in a research note on Thursday, June 25th. They issued a “hold” rating and a $89.00 price target for the company. Nomura upped their target price on Marriott International from $123.00 to $148.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Citigroup upped their target price on Marriott International from $75.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. They noted that the move was a valuation call. BMO Capital Markets upped their target price on Marriott International from $78.00 to $83.00 and gave the company an “underperform” rating in a research report on Tuesday, August 11th. Finally, BidaskClub upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. Marriott International presently has a consensus rating of “Hold” and a consensus price target of $112.17.
MAR opened at $107.76 on Tuesday. The business has a fifty day simple moving average of $96.81 and a 200 day simple moving average of $90.86. The company has a market capitalization of $34.95 billion, a PE ratio of 78.09 and a beta of 1.68. Marriott International has a 1 year low of $46.56 and a 1 year high of $153.39. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.67 and a quick ratio of 0.67.
Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.23). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.86 billion. Marriott International had a net margin of 2.76% and a return on equity of 238.84%. The business’s revenue for the quarter was down 72.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of MAR. Public Employees Retirement Association of Colorado increased its holdings in Marriott International by 55.7% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 766,040 shares of the company’s stock worth $57,307,000 after purchasing an additional 273,960 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Marriott International by 701.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,805,987 shares of the company’s stock worth $135,106,000 after purchasing an additional 1,580,576 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Marriott International by 158.1% in the 1st quarter. Russell Investments Group Ltd. now owns 61,734 shares of the company’s stock worth $4,649,000 after purchasing an additional 37,813 shares in the last quarter. First Manhattan Co. increased its holdings in Marriott International by 53.8% in the 1st quarter. First Manhattan Co. now owns 643 shares of the company’s stock worth $48,000 after purchasing an additional 225 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Marriott International by 91.6% in the 1st quarter. First Trust Advisors LP now owns 141,858 shares of the company’s stock worth $10,612,000 after purchasing an additional 67,830 shares in the last quarter. 58.28% of the stock is owned by institutional investors and hedge funds.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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