Marriott International Downgraded by Jefferies Group to “Underperform” (MAR)
Marriott International (NYSE:MAR) was downgraded by equities research analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Marriott International in a research note to investors on Thursday. They now have a $52.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Marriott International from $50.00 to $55.00 in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Marriott International to $57.00 in a research note to investors on Monday, December 16th. They now have a “positive” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Marriott International currently has a consensus rating of “Buy” and an average price target of $50.00.
Shares of Marriott International (NYSE:MAR) traded down 1.08% during mid-day trading on Monday, hitting $48.75. The stock had a trading volume of 2,818,412 shares. Marriott International has a one year low of $38.17 and a one year high of $49.84. The stock’s 50-day moving average is $47.61 and its 200-day moving average is $43.79. The company has a market cap of $14.602 billion and a price-to-earnings ratio of 23.72.
Marriott International (NYSE:MAR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.07. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts predict that Marriott International will post $2.01 earnings per share for the current fiscal year.
Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.
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