Marriott International (NASDAQ:MAR) has been assigned a $117.00 target price by analysts at Morgan Stanley in a report released on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 12.95% from the stock’s previous close.
Several other analysts have also weighed in on MAR. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Barclays increased their target price on Marriott International to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. Citigroup lowered Marriott International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $144.00 to $117.00 in a research note on Wednesday, December 12th. Robert W. Baird reiterated a “hold” rating and issued a $127.00 target price on shares of Marriott International in a research note on Monday, December 3rd. Finally, Cowen reiterated a “buy” rating and issued a $150.00 target price on shares of Marriott International in a research note on Tuesday, February 26th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $135.29.
MAR stock traded down $1.52 during midday trading on Thursday, hitting $134.41. The company’s stock had a trading volume of 1,378,277 shares, compared to its average volume of 1,682,304. Marriott International has a 12 month low of $100.62 and a 12 month high of $142.19. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $45.26 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.04 and a beta of 1.21.
In other Marriott International news, insider William P. Brown sold 11,640 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total value of $1,414,609.20. Following the completion of the sale, the insider now owns 5,704 shares of the company’s stock, valued at $693,207.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Craig S. Smith sold 16,743 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.35, for a total value of $2,015,020.05. Following the completion of the sale, the insider now directly owns 7,754 shares of the company’s stock, valued at approximately $933,193.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,730 shares of company stock worth $16,924,619. 12.99% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in MAR. Capital Research Global Investors raised its position in Marriott International by 27.3% during the third quarter. Capital Research Global Investors now owns 18,626,031 shares of the company’s stock valued at $2,459,195,000 after acquiring an additional 3,997,729 shares in the last quarter. FDx Advisors Inc. purchased a new position in Marriott International during the fourth quarter valued at approximately $1,351,168,000. Capital World Investors raised its position in Marriott International by 600.5% during the third quarter. Capital World Investors now owns 8,329,319 shares of the company’s stock valued at $1,099,720,000 after acquiring an additional 7,140,319 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Marriott International by 9,956.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock valued at $72,000 after acquiring an additional 7,710,218 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Marriott International by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 3,794,287 shares of the company’s stock valued at $411,201,000 after acquiring an additional 448,325 shares in the last quarter. Hedge funds and other institutional investors own 66.83% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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