Brokerage firm Morgan Stanley Upgrades its rating on Marriott International Inc(NASDAQ:MAR). The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Sep 26, 2016.
In a different note, Goldman Sachs said it Initiates Coverage on Marriott International Inc, according to a research note issued on Sep 26, 2016. The shares have been rated ‘Buy’ by the firm. Bernstein said it Initiates Coverage on Marriott International Inc, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. On Aug 1, 2016, Citigroup said it Maintains its rating on Marriott International Inc. In the research note, the firm Lowers the price-target to $86.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, Morgan Stanley said it Maintains its rating on Marriott International Inc. In the research note, the firm Lowers the price-target to $74.00 per share. The shares have been rated ‘Equal-weight’ by the firm. 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) shares turned negative on Thursdays trading session with the shares closing down -0.39 points or -0.56% at a volume of 1,75,62,130. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $70.73. The peak price level was also seen at $70.73 while the days lowest was $69.51. Finally the shares closed at $69.75. The 52-week high of the shares is $79.88 while the 52-week low is $56.43. According to the latest information available, the market cap of the company is $17,744 M.
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 Sep 26, 2016, J W Jr Marriott (Chairman) sold 28,515 shares at $70.14 per share price.Also, On Sep 26, 2016, Richard E Marriott (10% owner) sold 71,287 shares at $70.14 per share price.On Aug 24, 2016, Craig S. Smith (Pres. Mgn. Dir. Asia Pacific) sold 1,373 shares at $73.30 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.