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Marriott International (NYSE:MAR)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Thursday. They currently have a $69.00 price target on the stock. Zacks‘s price target points to a potential upside of 5.49% from the stock’s previous close.

Zacks’ analyst wrote, “Marriott International’s second quarter adjusted earnings of $0.71 beat the Zacks Consensus Estimate by 6% and were up 24.6% year over year. The upside reflects an increase in occupancy and room rates worldwide. Revenues of $3.48 billion missed the consensus mark by 1.6% in part due to currency headwinds related to the Venezuelan bolivar devaluation. However, it increased 6.8% year over year, owing to solid revenue per available room (RevPar) growth. Given the strength, the company increased its RevPar guidance for 2014 for the second consecutive quarter. The company is progressing well on the back of a growing North American business, significant international exposure and an aggressive buyback strategy. However, lingering political uncertainty in Latin America and in some parts of Africa and the economic slowdown in China are denting sales in international markets. Moreover, fluctuation in exchange rates adds to the woes. We maintain our Neutral recommendation on the stock.”

Shares of Marriott International (NYSE:MAR) traded down 0.73% during mid-day trading on Thursday, hitting $64.9299. The stock had a trading volume of 1,706,663 shares. Marriott International has a 52-week low of $39.58 and a 52-week high of $67.12. The stock has a 50-day moving average of $64.43 and a 200-day moving average of $57.41. The company has a market cap of $19.143 billion and a price-to-earnings ratio of 29.49.

Marriott International (NYSE:MAR) last released its earnings data on Tuesday, July 29th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.04. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.53 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Marriott International will post $2.47 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Marriott International in a research note on Thursday. They now have a $70.00 price target on the stock, up previously from $62.00. Separately, analysts at SunTrust raised their price target on shares of Marriott International from $59.00 to $63.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at MLV & Co
reiterated a “hold” rating on shares of Marriott International in a research note on Thursday. They now have a $64.00 price target on the stock, down previously from $67.00. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.80.

Marriott International, Inc is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.

To view Zacks’ full report, visit Zacks’ official website.

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