Deutsche Bank Boosts Marriott International (MAR) Price Target to $141.00

Marriott International (NASDAQ:MAR) had its price target lifted by Deutsche Bank from $136.00 to $141.00 in a report issued on Friday. The firm currently has a hold rating on the stock.

Several other equities analysts also recently weighed in on the company. Susquehanna Bancshares restated a positive rating and issued a $161.00 target price (up previously from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Royal Bank of Canada raised their target price on Marriott International to $159.00 and gave the company an outperform rating in a research report on Monday, January 29th. Zacks Investment Research upgraded Marriott International from a hold rating to a buy rating and set a $158.00 target price on the stock in a research report on Friday, January 19th. Stifel Nicolaus restated a hold rating and issued a $132.00 target price on shares of Marriott International in a research report on Tuesday, January 9th. Finally, BidaskClub upgraded Marriott International from a buy rating to a strong-buy rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $122.38.

Marriott International (MAR) opened at $138.50 on Friday. The stock has a market capitalization of $49,505.03, a P/E ratio of 38.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International has a 1 year low of $85.63 and a 1 year high of $149.21.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a return on equity of 34.05% and a net margin of 5.99%. Marriott International’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. equities analysts forecast that Marriott International will post 5.3 EPS for the current fiscal year.

Marriott International announced that its board has approved a stock repurchase plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 annualized dividend and a dividend yield of 0.95%. Marriott International’s dividend payout ratio is presently 36.67%.

In related news, insider Argiris Kyriakidis sold 4,605 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $126.33, for a total value of $581,749.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie Linnartz sold 5,113 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $128.96, for a total value of $659,372.48. Following the completion of the sale, the executive vice president now directly owns 28,263 shares of the company’s stock, valued at approximately $3,644,796.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,579 shares of company stock valued at $9,158,125. Insiders own 11.32% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. increased its stake in Marriott International by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 27,074 shares of the company’s stock worth $3,675,000 after acquiring an additional 376 shares during the last quarter. Advantus Capital Management Inc increased its stake in Marriott International by 1.4% during the third quarter. Advantus Capital Management Inc now owns 31,706 shares of the company’s stock worth $3,496,000 after acquiring an additional 426 shares during the last quarter. Piedmont Investment Advisors LLC increased its stake in Marriott International by 0.6% during the third quarter. Piedmont Investment Advisors LLC now owns 71,759 shares of the company’s stock worth $7,912,000 after acquiring an additional 433 shares during the last quarter. HL Financial Services LLC increased its stake in Marriott International by 2.5% during the third quarter. HL Financial Services LLC now owns 17,941 shares of the company’s stock worth $1,978,000 after acquiring an additional 436 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its stake in Marriott International by 4.2% during the fourth quarter. D Orazio & Associates Inc. now owns 11,031 shares of the company’s stock worth $1,497,000 after acquiring an additional 443 shares during the last quarter. 66.62% of the stock is owned by institutional investors.

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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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Deutsche Bank Boosts Marriott International (MAR) Price Target to $141.00

Marriott International (NASDAQ:MAR) had its price objective increased by Deutsche Bank from $136.00 to $141.00 in a report released on Friday morning. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lifted their price objective on Marriott International from $110.00 to $112.00 and gave the company an overweight rating in a research note on Thursday, November 9th. Royal Bank of Canada lifted their price objective on Marriott International to $159.00 and gave the company an outperform rating in a research note on Monday, January 29th. Stifel Nicolaus reaffirmed a hold rating and issued a $115.00 price objective (up from $98.00) on shares of Marriott International in a research note on Wednesday, November 8th. Barclays lifted their price objective on Marriott International from $105.00 to $130.00 and gave the company an equal weight rating in a research note on Tuesday, November 28th. Finally, BidaskClub cut Marriott International from a strong-buy rating to a buy rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $122.38.

Shares of Marriott International (MAR) opened at $138.50 on Friday. Marriott International has a one year low of $85.63 and a one year high of $149.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $49,505.03, a price-to-earnings ratio of 38.47, a PEG ratio of 2.19 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.12. Marriott International had a return on equity of 34.05% and a net margin of 5.99%. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. sell-side analysts predict that Marriott International will post 5.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.95%. Marriott International’s dividend payout ratio (DPR) is presently 36.67%.

Marriott International declared that its board has initiated a share buyback plan on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

In other Marriott International news, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $136.26, for a total transaction of $795,758.40. Following the completion of the sale, the insider now directly owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Rodriguez sold 7,600 shares of Marriott International stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $133.09, for a total value of $1,011,484.00. Following the sale, the insider now directly owns 13,624 shares of the company’s stock, valued at $1,813,218.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,579 shares of company stock valued at $9,158,125. 11.32% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC lifted its holdings in Marriott International by 367.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after buying an additional 580 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Marriott International during the 4th quarter worth about $128,000. Advisory Services Network LLC lifted its holdings in Marriott International by 1,490.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares during the last quarter. Grove Bank & Trust lifted its holdings in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after buying an additional 840 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in Marriott International during the 3rd quarter worth about $136,000. 66.62% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2018/02/19/deutsche-bank-boosts-marriott-international-mar-price-target-to-141-00.html.

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)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.

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