Marriott International (MAR) : Analyst Rating Update

Marriott International (MAR) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 considers that the stock is a Sell.

Marriott International (MAR) : Average target price received by Marriott International (MAR) is $73.08 with an expected standard deviation of $10.18. The most aggressive target on the stock is $93, whereas the most downbeat target is $56. 12 financial analysts are currently covering the stock.

Marriott International (NASDAQ:MAR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.70 and $66.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.85, notching a gain of 1.13% for the day. The total traded volume was 2,899,572 . The stock had closed at $67.09 on the previous day.

Also, Evercore ISI Group upgrades its view on Marriott International (NASDAQ:MAR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on June 30, 2016. The company shares have dropped -9.29% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $79.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $66.26 and the 200 Day Moving Average price is recorded at $66.38.

Marriott International, Inc. is a diversified global lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service, North American Limited-Service and International. The Companys brands include The Ritz-Carlton, BVLGARI Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, AC Hotels by Marriott, Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn & Suites, TownePlace Suites by Marriott, Protea Hotels and Moxy Hotels. It operates, franchises, or licenses approximately 4,175 properties across the world, with around 714,765 rooms inclusive of around 41 home and condominium products.

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