Royal Bank of Canada Raises Marriott International (NASDAQ:MAR) Price Target to $148.00

Marriott International (NASDAQ:MAR) had its target price increased by Royal Bank of Canada from $146.00 to $148.00 in a report published on Monday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the stock.

MAR has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Marriott International from $134.00 to $128.00 and set a neutral rating on the stock in a research note on Friday, September 6th. Sanford C. Bernstein began coverage on shares of Marriott International in a research note on Wednesday, September 11th. They set a market perform rating and a $136.00 price objective on the stock. BidaskClub lowered shares of Marriott International from a hold rating to a sell rating in a research note on Wednesday, August 28th. Longbow Research lowered shares of Marriott International from a buy rating to a neutral rating in a research note on Monday, July 15th. Finally, Citigroup boosted their price objective on shares of Marriott International from $117.00 to $135.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $135.67.

Shares of MAR stock opened at $130.15 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 8.93. Marriott International has a 1 year low of $100.62 and a 1 year high of $144.24. The firm’s fifty day moving average price is $130.02 and its two-hundred day moving average price is $131.76. The firm has a market capitalization of $42.87 billion, a P/E ratio of 20.96, a PEG ratio of 3.00 and a beta of 1.28.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.56. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the business earned $1.73 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Marriott International will post 6.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 22nd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, August 21st. Marriott International’s payout ratio is 30.92%.

In other Marriott International news, insider David Grissen sold 13,662 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $135.80, for a total value of $1,855,299.60. Following the completion of the sale, the insider now owns 70,392 shares of the company’s stock, valued at approximately $9,559,233.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Argiris Kyriakidis sold 6,642 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $136.92, for a total transaction of $909,422.64. Following the completion of the sale, the insider now directly owns 19,025 shares of the company’s stock, valued at approximately $2,604,903. The disclosure for this sale can be found here. Insiders have sold a total of 51,425 shares of company stock valued at $6,886,352 in the last ninety days. 12.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC lifted its holdings in shares of Marriott International by 4.3% during the 1st quarter. Ballentine Partners LLC now owns 1,938 shares of the company’s stock worth $243,000 after acquiring an additional 80 shares during the period. Alpha Cubed Investments LLC lifted its holdings in shares of Marriott International by 4.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 2,123 shares of the company’s stock worth $298,000 after acquiring an additional 82 shares during the period. Citizens Financial Group Inc RI lifted its holdings in shares of Marriott International by 2.1% during the 1st quarter. Citizens Financial Group Inc RI now owns 4,179 shares of the company’s stock worth $523,000 after acquiring an additional 85 shares during the period. Patten Group Inc. lifted its holdings in shares of Marriott International by 0.8% during the 2nd quarter. Patten Group Inc. now owns 10,586 shares of the company’s stock worth $1,485,000 after acquiring an additional 88 shares during the period. Finally, Zeke Capital Advisors LLC lifted its holdings in shares of Marriott International by 1.7% during the 2nd quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock worth $755,000 after acquiring an additional 92 shares during the period. 63.25% of the stock is owned by hedge funds and other institutional investors.

About Marriott International

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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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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