Jefferies Financial Group set a $124.00 price target on Marriott International (NASDAQ:MAR) in a report issued on Wednesday. The firm currently has a hold rating on the stock. Jefferies Financial Group also issued estimates for Marriott International’s Q4 2018 earnings at $1.39 EPS, FY2018 earnings at $6.15 EPS, Q1 2019 earnings at $1.33 EPS, Q2 2019 earnings at $1.67 EPS, Q3 2019 earnings at $1.67 EPS, Q4 2019 earnings at $1.56 EPS and FY2019 earnings at $6.24 EPS.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Marriott International from a buy rating to a hold rating in a report on Tuesday, October 9th. BidaskClub upgraded Marriott International from a sell rating to a hold rating in a report on Tuesday, September 11th. Cowen began coverage on Marriott International in a report on Monday, October 22nd. They set an outperform rating and a $140.00 target price for the company. Morgan Stanley cut Marriott International from an overweight rating to an equal rating and set a $129.00 target price for the company. in a report on Tuesday, July 24th. Finally, SunTrust Banks reiterated a hold rating and set a $136.00 target price on shares of Marriott International in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $140.93.
MAR traded up $0.13 during midday trading on Wednesday, hitting $117.04. The company’s stock had a trading volume of 1,687,452 shares, compared to its average volume of 2,794,245. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.46 and a quick ratio of 0.48. The stock has a market capitalization of $39.62 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38. Marriott International has a 52-week low of $106.96 and a 52-week high of $149.21.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 21st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 20th. Marriott International’s dividend payout ratio is presently 37.61%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. acquired a new position in shares of Marriott International in the 2nd quarter valued at approximately $102,000. Sun Life Financial INC raised its position in shares of Marriott International by 331.6% in the 2nd quarter. Sun Life Financial INC now owns 807 shares of the company’s stock valued at $102,000 after purchasing an additional 620 shares in the last quarter. Fort L.P. acquired a new position in shares of Marriott International in the 2nd quarter valued at approximately $114,000. CenterStar Asset Management LLC acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $133,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Marriott International in the 3rd quarter valued at approximately $132,000. Hedge funds and other institutional investors own 62.03% 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 three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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