Marriott International (NASDAQ:MAR) Rating Lowered to Sell at BidaskClub

Marriott International (NASDAQ:MAR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other analysts also recently issued reports on the stock. Barclays increased their price target on shares of Marriott International from $135.00 to $147.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 24th. They noted that the move was a valuation call. Wells Fargo & Co lowered their price target on shares of Marriott International from $135.00 to $130.00 and set a “market perform” rating on the stock in a report on Friday, October 18th. Royal Bank of Canada increased their price target on shares of Marriott International from $146.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Raymond James downgraded shares of Marriott International from an “outperform” rating to a “market perform” rating and set a $145.00 price target on the stock. in a report on Tuesday, January 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $128.00 target price on shares of Marriott International in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $139.60.

Shares of NASDAQ:MAR traded up $1.45 during trading on Tuesday, hitting $148.75. 22,201 shares of the stock traded hands, compared to its average volume of 1,217,142. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 13.63. The company has a market cap of $48.11 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 3.42 and a beta of 1.31. The company has a fifty day moving average price of $146.57 and a two-hundred day moving average price of $134.77. Marriott International has a 52-week low of $106.02 and a 52-week high of $153.39.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.02). Marriott International had a return on equity of 134.91% and a net margin of 6.28%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company posted $1.70 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that Marriott International will post 5.9 EPS for the current fiscal year.

In other Marriott International news, EVP Stephanie Linnartz sold 16,606 shares of Marriott International stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $151.00, for a total transaction of $2,507,506.00. Following the transaction, the executive vice president now directly owns 64,431 shares of the company’s stock, valued at $9,729,081. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Juliana B. Marriott sold 20,000 shares of Marriott International stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $148.93, for a total transaction of $2,978,600.00. Following the transaction, the insider now directly owns 18,000 shares in the company, valued at $2,680,740. The disclosure for this sale can be found here. Insiders sold a total of 119,262 shares of company stock worth $17,192,942 over the last three months. Corporate insiders own 12.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Marriott International by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,967,637 shares of the company’s stock valued at $2,941,550,000 after buying an additional 1,000,762 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Marriott International by 9.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,105,856 shares of the company’s stock valued at $1,008,125,000 after acquiring an additional 698,009 shares during the period. Markel Corp boosted its position in shares of Marriott International by 1.0% during the third quarter. Markel Corp now owns 1,574,269 shares of the company’s stock worth $195,792,000 after buying an additional 15,000 shares during the period. USS Investment Management Ltd grew its stake in shares of Marriott International by 24.8% in the third quarter. USS Investment Management Ltd now owns 1,201,957 shares of the company’s stock valued at $149,499,000 after buying an additional 238,734 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Marriott International by 14,728.1% in the second quarter. Nuveen Asset Management LLC now owns 1,128,865 shares of the company’s stock valued at $158,369,000 after buying an additional 1,121,252 shares in the last quarter. 60.92% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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