Robert W. Baird Reiterates Hold Rating for Marriott International (MAR)

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Marriott International (NASDAQ:MAR)‘s stock had its “hold” rating reaffirmed by investment analysts at Robert W. Baird in a report released on Friday. They currently have a $130.00 target price on the stock, down from their prior target price of $133.00. Robert W. Baird’s price target would indicate a potential upside of 11.54% from the company’s current price.

Several other brokerages have also recently issued reports on MAR. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research cut shares of Marriott International from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Morgan Stanley lowered their target price on shares of Marriott International from $138.00 to $123.00 and set a “hold” rating for the company in a report on Thursday, November 8th. Jefferies Financial Group set a $124.00 target price on shares of Marriott International and gave the company a “hold” rating in a report on Wednesday, November 7th. Finally, Barclays lowered their target price on shares of Marriott International from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Marriott International presently has a consensus rating of “Hold” and an average target price of $140.93.

Shares of NASDAQ:MAR opened at $116.55 on Friday. Marriott International has a 52 week low of $106.96 and a 52 week high of $149.21. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 3.75. The company has a market capitalization of $39.25 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.62 and a beta of 1.38.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 5th. The company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.39. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the firm posted $1.10 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Marriott International will post 6.15 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Centaurus Financial Inc. acquired a new stake in shares of Marriott International in the 2nd quarter worth $102,000. Sun Life Financial INC lifted its stake in shares of Marriott International by 331.6% in the 2nd quarter. Sun Life Financial INC now owns 807 shares of the company’s stock worth $102,000 after acquiring an additional 620 shares during the period. Fort L.P. acquired a new stake in shares of Marriott International in the 2nd quarter worth $114,000. CenterStar Asset Management LLC acquired a new stake in shares of Marriott International in the 3rd quarter worth $133,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of Marriott International in the 3rd quarter worth $132,000. Hedge funds and other institutional investors own 61.93% 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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