Morgan Stanley Maintains Marriott International Inc to Equal-weight with Price Target $73.00

Brokerage firm Morgan Stanley Maintains its rating on Marriott International Inc(NASDAQ:MAR). In a research note issued to the investors, the brokerage major Lowers the price-target to $73.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.

In a different note, On Jun 30, 2016, Evercore ISI Group said it Upgrades its rating on Marriott International Inc. The shares have been rated ‘Buy’ by the firm.

Marriott International Inc (MAR) made into the market gainers list on Thursdays trading session with the shares advancing 1.26% or 0.9 points. Due to strong positive momentum, the stock ended at $72.21, which is also near the day’s high of $72.24. The stock began the session at $71.29 and the volume stood at 19,74,531 shares. The 52-week high of the shares is $79.88 and the 52 week low is $56.43. The company has a current market capitalization of $18,370 M and it has 25,44,00,460 shares in outstanding.

Marriott International Inc(MAR) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.90B. Analysts had an estimated revenue of $3.90B. Earnings per share were $1.03. Analysts had estimated an EPS of $0.98.

Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, J W Jr Marriott (Chairman) sold 30,000 shares at $67.81 per share price.Also, On Jun 16, 2016, Anthony Capuano (EVP- Chief Development Officer) sold 18,111 shares at $66.51 per share price.On Jun 15, 2016, Mary K Bush (director) sold 1,750 shares at $65.79 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 4175 properties across the world with around 714765 rooms inclusive of around 41 home and condominium products.

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