Marriott International (NASDAQ:MAR) was upgraded by research analysts at ValuEngine from a "hold" rating to a "buy" rating in a report released on Friday, ValuEngine reports.
Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada cut shares of Marriott International from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $148.00 to $97.00 in a research report on Monday, March 30th. Barclays raised shares of Marriott International from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $92.00 to $105.00 in a research report on Monday, June 22nd. Nomura increased their price target on shares of Marriott International from $123.00 to $148.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Robert W. Baird increased their price target on shares of Marriott International from $83.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets increased their price target on shares of Marriott International from $65.00 to $74.00 and gave the stock an "underperform" rating in a research report on Monday, May 11th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company's stock. The company has an average rating of "Hold" and a consensus price target of $110.43.
NASDAQ:MAR opened at $87.80 on Friday. The company has a debt-to-equity ratio of 15.43, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50-day moving average of $91.54 and a two-hundred day moving average of $110.42. The stock has a market cap of $28.71 billion, a P/E ratio of 31.47, a PEG ratio of 21.54 and a beta of 1.60. Marriott International has a 1-year low of $46.56 and a 1-year high of $153.39.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.64). The firm had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $4.03 billion. Marriott International had a net margin of 4.50% and a return on equity of 231.22%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, equities analysts expect that Marriott International will post 0.66 earnings per share for the current year.
Several large investors have recently made changes to their positions in MAR. Victory Capital Management Inc. increased its stake in shares of Marriott International by 5.6% in the fourth quarter. Victory Capital Management Inc. now owns 225,411 shares of the company's stock valued at $34,134,000 after purchasing an additional 12,021 shares during the period. Korea Investment CORP increased its stake in shares of Marriott International by 54.5% in the fourth quarter. Korea Investment CORP now owns 19,280 shares of the company's stock valued at $2,920,000 after purchasing an additional 6,800 shares during the period. Prudential Financial Inc. increased its stake in shares of Marriott International by 3.9% during the fourth quarter. Prudential Financial Inc. now owns 264,237 shares of the company's stock valued at $40,014,000 after acquiring an additional 9,899 shares during the period. Schroder Investment Management Group increased its stake in shares of Marriott International by 58.5% during the fourth quarter. Schroder Investment Management Group now owns 6,044 shares of the company's stock valued at $915,000 after acquiring an additional 2,231 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of Marriott International during the fourth quarter valued at approximately $229,000. Institutional investors own 62.83% of the company's stock.
Marriott International Company Profile
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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The real question now is will there really be the pent-up demand that some analysts still swear is just waiting to be unleashed. It may indeed exist. Time will tell. But time is not a commodity many of these retailers have. And we’ve identified five retailers for which the clock is not in their favor.
View the "The Next 5 Retailers on the Edge of Bankruptcy".