Marriott International (NASDAQ:MAR) Lowered to Buy at BidaskClub

Marriott International (NASDAQ:MAR) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday, October 5th.

MAR has been the subject of a number of other reports. J P Morgan Chase & Co reissued an “overweight” rating and issued a $113.00 target price (up from $111.00) on shares of Marriott International in a research note on Wednesday, August 9th. Berenberg Bank reissued a “buy” rating and issued a $125.00 target price on shares of Marriott International in a research note on Friday, August 18th. Stifel Nicolaus boosted their target price on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Wolfe Research raised Marriott International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. Finally, UBS AG reissued a “neutral” rating and issued a $101.00 target price (up from $98.00) on shares of Marriott International in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Marriott International currently has a consensus rating of “Buy” and an average price target of $99.68.

Shares of Marriott International (MAR) traded up 0.0763% during midday trading on Thursday, hitting $114.8375. The stock had a trading volume of 285,567 shares. The firm has a market capitalization of $42.77 billion, a PE ratio of 37.6887 and a beta of 1.36. The firm’s 50-day moving average price is $107.45 and its 200-day moving average price is $102.24. Marriott International has a one year low of $65.91 and a one year high of $115.31.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The company’s revenue was up 48.5% on a year-over-year basis. On average, equities analysts predict that Marriott International will post $4.14 EPS for the current year.

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In other Marriott International news, insider B. Marriott Marital Tr Juliana sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $99.84, for a total transaction of $2,995,200.00. Following the transaction, the insider now owns 493,896 shares of the company’s stock, valued at $49,310,576.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Edward A. Ryan sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.00, for a total value of $648,000.00. Following the transaction, the executive vice president now directly owns 74,406 shares in the company, valued at approximately $8,035,848. The disclosure for this sale can be found here. Insiders have sold 110,727 shares of company stock worth $11,339,600 in the last quarter. 11.32% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new position in Marriott International during the second quarter worth approximately $562,000. Vanguard Group Inc. grew its position in shares of Marriott International by 1.6% in the first quarter. Vanguard Group Inc. now owns 19,667,476 shares of the company’s stock valued at $1,852,283,000 after purchasing an additional 303,078 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Marriott International by 28.0% in the second quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock valued at $126,329,000 after purchasing an additional 275,382 shares during the last quarter. Andra AP fonden grew its position in shares of Marriott International by 82.4% in the second quarter. Andra AP fonden now owns 24,800 shares of the company’s stock valued at $2,488,000 after purchasing an additional 11,200 shares during the last quarter. Finally, Airain ltd acquired a new position in shares of Marriott International in the second quarter valued at approximately $13,601,000. 65.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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