Marriott International’s (MAR) Positive Rating Reaffirmed at Susquehanna Bancshares

Marriott International (NASDAQ:MAR)‘s stock had its “positive” rating reaffirmed by investment analysts at Susquehanna Bancshares in a research report issued on Tuesday, Marketbeat reports. They currently have a $161.00 price target on the stock, up from their previous price target of $145.00. Susquehanna Bancshares’ price objective would suggest a potential upside of 14.50% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley boosted their target price on Marriott International from $110.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Royal Bank of Canada boosted their target price on Marriott International to $159.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Barclays boosted their price target on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 28th. Stifel Nicolaus reissued a “hold” rating and set a $115.00 price target (up previously from $98.00) on shares of Marriott International in a research note on Wednesday, November 8th. Finally, BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $119.64.

Marriott International (NASDAQ:MAR) traded up $1.51 during midday trading on Tuesday, reaching $140.61. The company’s stock had a trading volume of 1,980,000 shares, compared to its average volume of 2,330,000. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. Marriott International has a 52 week low of $85.63 and a 52 week high of $149.21. The firm has a market cap of $51,260.00, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35.

Marriott International announced that its board has initiated a share repurchase plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

In related news, insider Craig S. Smith sold 5,840 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the sale, the insider now owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Rodriguez sold 7,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $133.09, for a total value of $1,011,484.00. Following the completion of the sale, the insider now directly owns 13,624 shares in the company, valued at approximately $1,813,218.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,275 shares of company stock worth $11,098,100. 11.32% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in Marriott International by 1.7% in the 4th quarter. Jennison Associates LLC now owns 12,149,996 shares of the company’s stock valued at $1,649,119,000 after acquiring an additional 199,057 shares during the last quarter. Geode Capital Management LLC raised its holdings in Marriott International by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,221,339 shares of the company’s stock valued at $436,303,000 after acquiring an additional 61,967 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Marriott International by 11.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,681,372 shares of the company’s stock valued at $185,388,000 after acquiring an additional 167,692 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Marriott International by 88.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock valued at $184,524,000 after acquiring an additional 786,050 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Marriott International by 0.4% in the 3rd quarter. Legal & General Group Plc now owns 1,530,634 shares of the company’s stock valued at $168,766,000 after acquiring an additional 6,269 shares during the last quarter. 66.62% of the stock is currently owned by hedge funds and other institutional investors.

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Marriott International Company Profile

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.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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