Marriott International (NASDAQ:MAR) had its price objective boosted by analysts at Royal Bank of Canada to $159.00 in a note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 8.06% from the stock’s previous close.
Several other brokerages also recently commented on MAR. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a report on Friday, January 19th. Stifel Nicolaus restated a “hold” rating and set a $132.00 price objective on shares of Marriott International in a research note on Tuesday, January 9th. BidaskClub upgraded 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 note on Friday, December 8th. Finally, Deutsche Bank restated a “hold” rating and set a $124.00 price objective on shares of Marriott International in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $117.21.
Shares of Marriott International (NASDAQ:MAR) opened at $147.14 on Monday. The company has a market capitalization of $53,644.49, a PE ratio of 39.98, a P/E/G ratio of 2.39 and a beta of 1.35. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International has a twelve month low of $83.81 and a twelve month high of $147.15.
Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The company’s revenue was up 43.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. research analysts predict that Marriott International will post 4.24 earnings per share for the current year.
Marriott International declared that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that permits the company to repurchase 30,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other news, insider Deborah Marriott Harrison sold 130,000 shares of Marriott International stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.17, for a total value of $15,492,100.00. Following the completion of the transaction, the insider now owns 114,155 shares in the company, valued at approximately $13,603,851.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Edward A. Ryan sold 6,550 shares of Marriott International stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $120.40, for a total value of $788,620.00. Following the completion of the transaction, the executive vice president now owns 67,856 shares of the company’s stock, valued at approximately $8,169,862.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,825 shares of company stock valued at $27,378,820. Insiders own 11.32% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. AHL Partners LLP lifted its holdings in shares of Marriott International by 230.4% in the 2nd quarter. AHL Partners LLP now owns 19,615 shares of the company’s stock worth $1,967,000 after purchasing an additional 13,679 shares during the last quarter. Numeric Investors LLC bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $772,000. California Public Employees Retirement System lifted its holdings in shares of Marriott International by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock worth $90,786,000 after purchasing an additional 6,837 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Marriott International by 0.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 467,559 shares of the company’s stock worth $51,553,000 after purchasing an additional 3,140 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Marriott International by 3.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock worth $143,989,000 after purchasing an additional 46,517 shares during the last quarter. Institutional investors own 66.71% of the company’s stock.
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About Marriott International
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.