Stifel Nicolaus Reiterates Hold Rating for Marriott International (MAR)

Marriott International (NASDAQ:MAR)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a note issued to investors on Tuesday. They presently have a $132.00 price target on the stock. Stifel Nicolaus’ price objective points to a potential downside of 5.33% from the stock’s current price.

A number of other research analysts have also commented on the stock. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Morgan Stanley restated a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. Deutsche Bank restated a “hold” rating and set a $124.00 target price on shares of Marriott International in a research report on Wednesday, December 6th. Barclays increased their target price on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Finally, Sanford C. Bernstein lowered shares of Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Marriott International has an average rating of “Buy” and a consensus target price of $112.62.

Shares of Marriott International (NASDAQ:MAR) traded up $1.73 on Tuesday, reaching $139.43. 1,408,743 shares of the company were exchanged, compared to its average volume of 2,493,405. Marriott International has a twelve month low of $81.04 and a twelve month high of $139.54. The firm has a market cap of $50,680.00, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the business earned $0.91 EPS. Marriott International’s quarterly revenue was up 43.7% on a year-over-year basis. analysts anticipate that Marriott International will post 4.24 earnings per share for the current year.

Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, November 9th that permits the company to buyback 30,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

In other news, insider Deborah Marriott Harrison sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the completion of the sale, the insider now owns 114,155 shares of the company’s stock, valued at approximately $13,603,851.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony Capuano sold 19,510 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the sale, the executive vice president now directly owns 23,159 shares of the company’s stock, valued at approximately $3,091,958.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,825 shares of company stock valued at $27,378,820. 11.32% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of MAR. FMR LLC lifted its holdings in shares of Marriott International by 32.5% during the 2nd quarter. FMR LLC now owns 15,406,182 shares of the company’s stock worth $1,545,394,000 after acquiring an additional 3,780,639 shares during the period. Capital Research Global Investors lifted its holdings in shares of Marriott International by 7.2% during the 2nd quarter. Capital Research Global Investors now owns 12,763,000 shares of the company’s stock worth $1,280,257,000 after acquiring an additional 862,710 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Marriott International by 1,881.3% during the 2nd quarter. Janus Henderson Group PLC now owns 887,490 shares of the company’s stock worth $89,025,000 after acquiring an additional 842,696 shares during the period. Koch Industries Inc. bought a new stake in shares of Marriott International during the 2nd quarter worth approximately $629,000. Finally, Gotham Asset Management LLC lifted its holdings in shares of Marriott International by 11,934.7% during the 2nd quarter. Gotham Asset Management LLC now owns 381,379 shares of the company’s stock worth $38,256,000 after acquiring an additional 378,210 shares during the period. 66.65% of the stock is owned by institutional investors.

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Marriott International Company Profile

Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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