Morgan Stanley Cuts Marriott International (MAR) Price Target to $123.00

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Marriott International (NASDAQ:MAR) had its price target dropped by equities researchers at Morgan Stanley from $138.00 to $123.00 in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 5.21% from the company’s current price.

MAR has been the subject of a number of other reports. Robert W. Baird set a $133.00 price target on Marriott International and gave the stock a “hold” rating in a report on Friday, October 19th. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub raised Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Longbow Research assumed coverage on Marriott International in a report on Friday, September 7th. They set a “buy” rating and a $156.00 price target for the company. Finally, Raymond James decreased their price target on Marriott International from $140.00 to $137.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $141.14.

Shares of NASDAQ MAR opened at $116.91 on Thursday. The stock has a market cap of $39.75 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. Marriott International has a 1 year low of $106.96 and a 1 year high of $149.21.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.39. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 62.71% and a net margin of 7.95%. Marriott International’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. On average, equities research analysts expect that Marriott International will post 6.12 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP increased its position in Marriott International by 55.3% in the 2nd quarter. Marshall Wace LLP now owns 28,726 shares of the company’s stock valued at $3,637,000 after acquiring an additional 10,226 shares during the period. Korea Investment CORP increased its position in Marriott International by 5.4% in the 2nd quarter. Korea Investment CORP now owns 124,060 shares of the company’s stock valued at $15,706,000 after acquiring an additional 6,400 shares during the period. Abner Herrman & Brock LLC increased its position in Marriott International by 3.8% in the 3rd quarter. Abner Herrman & Brock LLC now owns 176,800 shares of the company’s stock valued at $23,343,000 after acquiring an additional 6,413 shares during the period. CenterStar Asset Management LLC acquired a new position in Marriott International in the 3rd quarter valued at about $133,000. Finally, Fiduciary Group LLC acquired a new position in Marriott International in the 3rd quarter valued at about $376,000. Institutional investors and hedge funds own 62.03% of the company’s stock.

About Marriott International

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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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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