November 28, 2016 - By Ruchi Gupta
New York-listed Marriott International (NASDAQ:MAR), was cut by investment analysts at Evercore ISI Group. Evercore ISI Group cut its rating on the $30.77B market cap company to a “Hold” from a previous “Buy”.
Out of 12 analysts covering Marriott International (NASDAQ:MAR), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. $93 is the highest target while $61.0 is the lowest. The $76.53 average target is -2.32% below today’s ($78.35) stock price. Marriott International has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Raymond James downgraded Marriott International Inc (NASDAQ:MAR) on Wednesday, April 20 to “Market Perform” rating. The firm earned “Outperform” rating on Wednesday, November 4 by RBC Capital Markets. The rating was downgraded by Zacks on Friday, August 21 to “Buy”. The rating was initiated by Goldman Sachs on Monday, September 26 with “Buy”. Canaccord Genuity upgraded the shares of MAR in a report on Friday, December 4 to “Buy” rating. The rating was upgraded by Evercore to “Hold” on Wednesday, August 5. On Wednesday, March 23 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating given on Tuesday, December 8 by Berenberg. M Partners downgraded Marriott International Inc (NASDAQ:MAR) on Thursday, January 14 to “Neutral” rating. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, September 23 report.
About 1.33 million shares traded hands. Marriott International Inc (NASDAQ:MAR) has risen 17.23% since April 25, 2016 and is uptrending. It has outperformed by 11.21% the S&P500.
Analysts await Marriott International Inc (NASDAQ:MAR) to report earnings on February, 15. They expect $0.83 earnings per share, up 7.79% or $0.06 from last year’s $0.77 per share. MAR’s profit will be $325.90M for 23.60 P/E if the $0.83 EPS becomes a reality. After $0.91 actual earnings per share reported by Marriott International Inc for the previous quarter, Wall Street now forecasts -8.79% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 3.49 in Q2 2016. Its up 2.41, from 1.08 in 2016Q1. The ratio is positive, as 49 funds sold all Marriott International Inc shares owned while 177 reduced positions. 62 funds bought stakes while 181 increased positions. They now own 186.02 million shares or 12.43% more from 165.45 million shares in 2016Q1.
Davy Asset last reported 13,292 shares in the company. Ci Glob Investments has 118,277 shares for 0.22% of their US portfolio. Dekabank Deutsche Girozentrale accumulated 0.01% or 8,771 shares. Dowling And Yahnke Ltd Liability Co has invested 0.07% of its portfolio in Marriott International Inc (NASDAQ:MAR). Monetary Mngmt Group Incorporated owns 1,775 shares or 0.05% of their US portfolio. Smithfield Trust has invested 0.02% of its portfolio in Marriott International Inc (NASDAQ:MAR). Old Mutual Customised Solutions (Proprietary) Ltd holds 5,800 shares or 0.1% of its portfolio. Farmers Merchants Inc has 0.01% invested in the company for 1,140 shares. Teacher Retirement Sys Of Texas accumulated 0.03% or 67,314 shares. Bluecrest Capital Mngmt last reported 10,332 shares in the company. Moreover, Sandy Spring Bank has 0.19% invested in Marriott International Inc (NASDAQ:MAR) for 24,772 shares. Clearbridge Invests Limited Liability Company accumulated 2,000 shares or 0% of the stock. Capital Limited Com reported 14,492 shares or 0.09% of all its holdings. Windward Cap Co Ca last reported 143,563 shares in the company. Tower Rech Capital Ltd (Trc) accumulated 5,190 shares or 0.03% of the stock.
Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 12 sales for $36.32 million net activity. MARRIOTT JOHN W III also sold $3.87 million worth of Marriott International Inc (NASDAQ:MAR) shares. Smith Craig S. sold $100,641 worth of stock. On Tuesday, June 14 BUSH MARY K sold $115,133 worth of the stock or 1,750 shares. Another trade for 22,538 shares valued at $1.66M was made by Capuano Anthony on Friday, August 19. Another trade for 3,000 shares valued at $214,470 was made by Kyriakidis Argiris on Monday, August 1. On Thursday, November 10 Marriott Stephen Blake sold $331,515 worth of the stock or 4,500 shares. MARRIOTT J W JR sold $2.00 million worth of Marriott International Inc (NASDAQ:MAR) on Thursday, September 22.
Marriott International, Inc. is a lodging company. The company has a market cap of $30.77 billion. The Firm is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It has a 27.64 P/E ratio. It operates through three divisions: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
According to Zacks Investment Research, “Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.”
More recent Marriott International Inc (NASDAQ:MAR) news were published by: Prnewswire.com which released: “Marriott International Continues Expansion in Latin America with the Signing …” on November 23, 2016. Also Forbes.com published the news titled: “Marriott International Reaches Analyst Target Price” on November 15, 2016. Businesswire.com‘s news article titled: “Correction: Fitch Affirms Marriott International, Inc.; Maintains Positive Outlook” with publication date: November 16, 2016 was also an interesting one.
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By Ruchi Gupta