Analysts’ Weekly Ratings Changes for Marriott International (MAR)

Marriott International (NASDAQ: MAR) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Marriott International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Marriott’s second-quarter 2017 adjusted earnings of $1.13 per share beat the Zacks Consensus Estimate by 10.8% and rose 34.5% year over year. Notably, with the purchase of Starwood, Marriott became the world's largest hotel company. In fact, the acquisition is likely to result in a bigger brand with increased scale and a robust development pipeline in the long run. Also, shares of Marriott have outpaced the market at large since the acquisition. Marriott’s rising North-American business, sizeable international exposure and an attractive brand-position should continue to drive growth. Further, its investments in technology for hotel bookings will improve guest experience, which in turn should boost occupancy. Yet, lingering political uncertainties in key international markets, oversupply in some regions and currency headwinds might continue to limit revenue growth. Integration risks linked to Starwood purchase is an added concern.”
  • 8/9/2017 – Marriott International had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $113.00 price target on the stock, up previously from $111.00.
  • 8/8/2017 – Marriott International was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/8/2017 – Marriott International had its price target raised by analysts at Robert W. Baird from $101.00 to $103.00. They now have a “neutral” rating on the stock.
  • 8/8/2017 – Marriott International had its price target raised by analysts at Stifel Nicolaus from $95.00 to $98.00. They now have a “hold” rating on the stock.
  • 7/24/2017 – Marriott International was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – Marriott International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Marriott has significant international presence and is therefore highly vulnerable to fluctuations in exchange rates. Notably, the company has been witnessing fewer international guests at its U.S. hotels, owing to the stronger dollar. Moreover, lingering political uncertainty in key international markets might continue to restrict its revenue growth. However, Marriot’s earnings have beaten the Zacks Consensus Estimate consistently over the past 12 quarters. Estimates have been stable lately ahead of its second-quarter earnings release. Further, given a strong transient demand along with an improvement in business and leisure travel, Marriott is well-poised to grow in the near as well as long term. Yet, concerns related to RevPAR growth remains a cause of concern. Also, the company may fail to realize the anticipated synergies and benefits if it fails to integrate Starwood acquisition in an efficient and effective manner.”
  • 7/5/2017 – Marriott International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/12/2017 – Marriott International had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $109.00 price target on the stock, up previously from $92.00.

Marriott International (NASDAQ:MAR) traded down 1.81% on Thursday, reaching $99.52. The company’s stock had a trading volume of 3,912,842 shares. Marriott International has a 52 week low of $65.91 and a 52 week high of $110.51. The firm has a market capitalization of $37.71 billion, a PE ratio of 32.66 and a beta of 1.36. The stock’s 50 day moving average is $102.42 and its 200-day moving average is $96.25. Marriott International also was the recipient of some unusual options trading on Monday. Stock investors purchased 9,942 call options on the stock. This represents an increase of 568% compared to the typical daily volume of 1,488 call options.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Marriott International had a return on equity of 25.59% and a net margin of 5.27%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. Analysts predict that Marriott International will post $4.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 24th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.33%. Marriott International’s dividend payout ratio is 45.52%.

In other Marriott International news, insider David S. Marriott sold 19,500 shares of Marriott International stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $103.26, for a total transaction of $2,013,570.00. Following the sale, the insider now directly owns 638,636 shares of the company’s stock, valued at $65,945,553.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Munoz sold 5,894 shares of Marriott International stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $103.95, for a total value of $612,681.30. Following the sale, the director now directly owns 7,659 shares in the company, valued at $796,153.05. The disclosure for this sale can be found here. Insiders have sold 41,216 shares of company stock worth $4,270,892 over the last 90 days. Corporate insiders own 17.07% of the company’s stock.

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.

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