Marriott International (NASDAQ:MAR) Downgraded by Zacks Investment Research

Marriott International (NASDAQ:MARGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports. They currently have a $200.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 11.43% from the stock’s previous close.

According to Zacks, “Shares of Marriott have outperformed the industry in the past year. The company is benefiting from its focus on expansion initiatives, digital innovation and the loyalty program. Also, it is gaining from the reopening of the international borders and leniency in travel restrictions. Also, recovery in in business transient and group demand bode well. With global trends improving, the company expects the recovery momentum to continue in the upcoming periods as well. However, coronavirus related woes persists. Due to the same, the company failed to provide earnings and RevPAR guidance for 2022. Although RevPAR is improving sequentially, it is still well below the pre-pandemic level. Earnings estimates for 2022, have declined in the past 30 days, depicting analysts concern regarding the stock growth potential.”

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marriott International from $150.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. Truist Financial increased their target price on shares of Marriott International from $156.00 to $182.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. StockNews.com started coverage on shares of Marriott International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet raised shares of Marriott International from a “c+” rating to a “b-” rating in a research report on Monday, March 21st. Finally, Wells Fargo & Company increased their price objective on shares of Marriott International from $185.00 to $199.00 in a research report on Wednesday, February 16th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $178.91.

Shares of MAR stock opened at $179.49 on Thursday. The firm’s 50 day moving average price is $171.24 and its 200-day moving average price is $163.51. The company has a debt-to-equity ratio of 6.60, a quick ratio of 0.57 and a current ratio of 0.57. Marriott International has a one year low of $127.23 and a one year high of $195.90. The firm has a market cap of $58.74 billion, a P/E ratio of 53.74 and a beta of 1.69.

Marriott International (NASDAQ:MARGet Rating) last released its earnings results on Tuesday, February 15th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.28. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.03 billion. Marriott International had a net margin of 7.93% and a return on equity of 125.04%. The firm’s quarterly revenue was up 104.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. As a group, research analysts predict that Marriott International will post 5.52 EPS for the current fiscal year.

In other Marriott International news, CFO Kathleen K. Oberg sold 10,071 shares of the firm’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $180.21, for a total transaction of $1,814,894.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 581 shares of the firm’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $171.34, for a total transaction of $99,548.54. The disclosure for this sale can be found here. Insiders sold a total of 16,726 shares of company stock worth $3,003,209 over the last ninety days. Insiders own 12.21% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors Inc. lifted its stake in shares of Marriott International by 0.9% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 6,984 shares of the company’s stock worth $1,154,000 after acquiring an additional 60 shares during the period. Investors Research Corp lifted its stake in shares of Marriott International by 6.2% in the 1st quarter. Investors Research Corp now owns 1,062 shares of the company’s stock worth $187,000 after acquiring an additional 62 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in shares of Marriott International by 14.3% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 510 shares of the company’s stock worth $84,000 after acquiring an additional 64 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Marriott International by 1.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 4,722 shares of the company’s stock worth $780,000 after acquiring an additional 67 shares during the period. Finally, Veriti Management LLC lifted its stake in shares of Marriott International by 2.9% in the 1st quarter. Veriti Management LLC now owns 2,382 shares of the company’s stock worth $419,000 after acquiring an additional 67 shares during the period. 59.16% of the stock is currently owned by institutional investors.

About Marriott International (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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