Weekly Research Analysts’ Ratings Changes for Marriott International (MAR)
A number of stock research firms have changed their ratings and price targets for Marriott International (NYSE: MAR) during the last seven days:
- Marriott International had its price target raised by analysts at Nomura from $57.00 to $61.00.
- Marriott International had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $54.00 price target on the stock. Zacks‘ analyst wrote, “Marriott’s fourth quarter 2013 earnings of $0.49 and revenue of $3.22 billion missed the Zacks Consensus Estimate. Both the parameters declined year over year as well. The downside reflects the shift in Marriott’s fiscal calendar that resulted in lower fees and other revenues. The company’s fourth-quarter comprised 92 days compared with 112 days in the year-ago period. We believe that the company is progressing well on the back of a growing North American business, significant international exposure, an aggressive buyback strategy and increased market share. The strong group booking trend in North America is also a positive for the company. However, lower government spending on travel in the U.S. is expected to hurt the company’s financials, going ahead. Moreover, weakness in China and Europe concerns us. Thus, we remain Neutral on the stock.”
- Marriott International had its price target raised by analysts at MLV Capital from $50.00 to $55.00. They now have a “hold” rating on the stock.
- Marriott International had its price target raised by analysts at Telsey Advisory Group from $47.00 to $51.00. They now have a “not rated” rating on the stock.
- Marriott International was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $60.00 price target on the stock. They wrote, “simple, but powerful, strategy” of delivering solid earnings growth. The analyst commented on the company’s approximate 5% room count growth per year and the return of $1 billion per year to shareholders. Raymond James added, “Momentum within Marriott seems to be building as of late, with a sizeable jump in the development pipeline (35% sequential increase in room count), accelerating capital distributions to shareholders ($1.25-1.5 billion target in 2014), an improved outlook in several global markets, slowing G&A expense growth, and growing free cash flow. […] The bottom line is that we believe Marriott can outperform the broader market (though likely lag more asset-laden peers) in a more bullish economic growth environment and hold its own (and likely outperform the asset-laden peers) in a more modest economic growth environment.”
- Marriott International had its price target raised by analysts at BMO Capital Markets from $53.00 to $57.00. They now have a “market perform” rating on the stock.
- Marriott International was upgraded by analysts at EVA Dimensions from a “hold” rating to an “overweight” rating.
Marriott International Inc (NYSE:MAR) traded up 0.79% on Thursday, hitting $53.86. The stock had a trading volume of 2,088,775 shares. Marriott International Inc has a one year low of $38.17 and a one year high of $54.24. The stock’s 50-day moving average is $50.13 and its 200-day moving average is $45.75. The company has a market cap of $15.879 billion and a P/E ratio of 26.72.
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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