Raymond James Trims Marriott International (MAR) Target Price to $137.00

Marriott International (NASDAQ:MAR) had its price target cut by stock analysts at Raymond James from $140.00 to $137.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Raymond James’ target price points to a potential upside of 17.18% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group set a $124.00 price objective on shares of Marriott International and gave the company a “hold” rating in a research report on Wednesday. SunTrust Banks lowered their price objective on shares of Marriott International to $125.00 and set a “hold” rating for the company in a research report on Wednesday. BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Cowen assumed coverage on shares of Marriott International in a research report on Monday, October 22nd. They issued an “outperform” rating and a $140.00 price objective for the company. Finally, Robert W. Baird set a $133.00 price objective on shares of Marriott International and gave the company a “hold” rating in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $141.14.

MAR opened at $116.91 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 1.66 and a beta of 1.38. Marriott International has a 1-year low of $106.96 and a 1-year high of $149.21.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 5th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.39. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 62.71%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. As a group, equities research analysts forecast that Marriott International will post 6.12 EPS for the current year.

Several large investors have recently modified their holdings of the company. Atria Investments LLC lifted its stake in Marriott International by 19.6% in the third quarter. Atria Investments LLC now owns 2,561 shares of the company’s stock valued at $338,000 after buying an additional 419 shares in the last quarter. Dowling & Yahnke LLC lifted its stake in Marriott International by 4.0% in the second quarter. Dowling & Yahnke LLC now owns 11,690 shares of the company’s stock valued at $1,480,000 after buying an additional 450 shares in the last quarter. Private Wealth Partners LLC lifted its stake in Marriott International by 2.5% in the second quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock valued at $2,365,000 after buying an additional 450 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake in Marriott International by 15.4% in the second quarter. Motley Fool Asset Management LLC now owns 3,793 shares of the company’s stock valued at $480,000 after buying an additional 507 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Marriott International by 22.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,873 shares of the company’s stock valued at $363,000 after buying an additional 518 shares in the last quarter. Institutional investors own 62.03% 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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