BMO Capital Markets cut Marriott International (NASDAQ:MAR) PT to $160.00.

According to Benzinga, in a research note published Friday, BMO Capital Markets lowered its price target on Marriott International (NASDAQ: MAR) from $165.00 to $160.00. The rating agency has so far assigned a “market performance” rating to the company’s stock. Based on the target price reported by BMO Capital Markets, there is a potential upside of 6.14% from the most recent price at which the company’s shares traded.
Research articles on the company written by other equity research analysts have recently been published. These articles were written relatively recently. Barclays has raised its price target for Marriott International from $164.00 to $170.00, as announced in a research note published Wednesday August 3 by Barclays. Deutsche Bank Aktiengesellschaft said in a research note published Aug. 3 that it would lower its price target on Marriott International from $164.00 to $155.00. The new price target will take effect immediately. According to the conclusions of a study conducted and presented by TheStreet on August 16, Marriott International was awarded a “b-” rating, representing an average level of performance. Robert W. Baird raised his price target on Marriott International shares to $183.00 in a research report released Tuesday, August 9. Berenberg Bank raised its price target for Marriott International from $165.00 to $185.00 and upgraded the stock from a “hold” rating to a “buy” rating in a research report released Thursday, September 15 . Seven research analysts gave the company a buy rating, while only five gave the stock a hold rating. According to Bloomberg, the company’s stock price is expected to hit $176.43 and is currently rated with an overall “Moderate Buy” recommendation.
The price per share of NASDAQ:MAR rose to $150.75 on Friday after a trading session that saw an increase of $4.27. Only 28,671 shares of the company were traded, significantly less than the daily volume of 1,886,761 shares typically traded. Also, even though the current, quick, and leverage ratios are all 0.45, the leverage ratio is 4.64. These metrics indicate that the company is highly valued:
Its market value is $48.93 billion.
Its P/E ratio is 28.41.
Its PEG ratio is 0.60.
Its beta is 1.57.
During the previous year, Marriott International prices ranged from a low of $131.01 to a high of $195.90, with $131.01 being the most affordable option. The stock’s current price of $150.67 is below its 200-day simple moving average of $156.33.
On Tuesday, August 2, 2018, Marriott International’s (NASDAQ: MAR) latest quarterly earnings report was released. This report covered the company’s fiscal year ending June 30, 2018. The company reported EPS of $1.80 for the quarter, $0.21 higher than consensus projection of $1.59 among analysts. financial. Additionally, the company’s quarterly revenue was $5.34 billion, beating analysts’ forecast of $4.96 billion in sales for the period, indicating that the company is performing exceptionally well. In the case of Marriott International, return on equity was measured at 120.01% and the company’s net margin at 9.72%.
The company reported a 69.5% increase in revenue over the prior year. Compared to the prior year’s results, the company’s earnings during this period were $0.79 per share in total revenue. The majority opinion of members of the investment community is that Marriott International will successfully generate earnings of $6.54 per share in the current fiscal year.
The announcement that director Eric Hippeau had sold 13,987 shares of the company was one of the other news items released on Thursday, September 8. There was a total sale of shares worth $2,220,715.99, with each share reaching an average price of $158.77, and the sale raised a total of $2,220,715.99. The director is now the direct owner of 14,461 shares of the company, which have an approximate value of $2,295,972.97 as a result of the successful transaction. If you go to the SEC website, you should be able to find a legal filing there that further details the transaction. Company insiders own 12.21% of the company’s stock.
In the most recent period, the MAR holdings that various hedge funds and other institutional investors have in their portfolios have been rebalanced. In the first three months of 2018, the value of assets held by JFS Wealth Advisors LLC increased by 10.9% due to an increase in Marriott International. JFS Wealth Advisors LLC increased the total number of shares it owns in the company to 582 in the last fiscal quarter, bringing the total value of those shares to $102,000. This increase was achieved by purchasing an additional 57 shares of the company. During the third quarter, Abundance Wealth Counselors increased the number of Marriott International shares held by 0.8%, bringing the total number of shares held to 100%. Abundance Wealth Counselors was able to increase its stake in the company by 64 shares in the last quarter. This brings the total number of shares she currently owns in the company to 7,709, which has an estimated value of $1,080,000. Clifford Swan Investment Counsel LLC increased the percentage of Marriott International shares it held by 3.8% during the second quarter of 2018. Clifford Swan Investment Counsel LLC increased its total number of shares held in the company during of the last quarter by purchasing 65 additional shares. , bringing the total number of shares held in the company to 1,787, which are worth $243,000 (from 1,709 last quarter). During the second quarter, Quadrant Capital Group LLC achieved a 2.4% increase in the proportion of Marriott International stock it held. After making an additional purchase of 65 shares of the company during the period in question, Quadrant Capital Group LLC now owns 2,809 shares of the company. The value of these shares is currently $382,000. In the first three months of this year, the Bank of Hawaii increased the amount of Marriott International stock held by 3.8%, making this the final and most important point. Bank of Hawaii now owns 1,874 shares of the company after buying an additional 68 shares in the most recent period. The stock is currently valued at $329,000 and Bank of Hawaii has a total investment of $329,000. Hedge funds and other institutional investors own 70.95% of the company’s shares.
Marriott International, Inc. is a multinational corporation that owns, manages, franchises and licenses a variety of real estate properties, such as hotels, residential communities and timeshares, among other properties. The company’s activities can be divided into two distinct divisions: International, United States and Canada. He is responsible for managing several well-known hotel brands, including JW Marriott, The Ritz-Carlton, The Ritz-Carlton Reserve, W Hotels, The Luxury Collection and St. Regis.