Cowen Reiterates “$140.00” Price Target for Marriott International (NASDAQ:MAR)

Cowen set a $140.00 target price on Marriott International (NASDAQ:MAR) in a research report report published on Wednesday, TipRanks reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley upped their target price on shares of Marriott International from $123.00 to $125.00 and gave the stock an equal weight rating in a research report on Wednesday, August 7th. BidaskClub lowered shares of Marriott International from a sell rating to a strong sell rating in a research report on Friday, September 27th. Longbow Research lowered shares of Marriott International from a buy rating to a neutral rating in a research report on Monday, July 15th. JPMorgan Chase & Co. dropped their target price on shares of Marriott International from $134.00 to $128.00 and set a neutral rating for the company in a research report on Friday, September 6th. Finally, Deutsche Bank restated a hold rating and set a $123.00 target price on shares of Marriott International in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $134.00.

Shares of NASDAQ:MAR opened at $121.18 on Wednesday. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a fifty day moving average price of $125.57 and a 200 day moving average price of $131.68. Marriott International has a fifty-two week low of $100.62 and a fifty-two week high of $144.24. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.65 and a beta of 1.28.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 5th. The company reported $1.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.56. Marriott International had a net margin of 6.81% and a return on equity of 113.75%. The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. Marriott International’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, research analysts predict that Marriott International will post 6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.58%. Marriott International’s dividend payout ratio (DPR) is currently 30.92%.

In other Marriott International news, insider Craig S. Smith sold 14,915 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $128.20, for a total transaction of $1,912,103.00. Following the completion of the transaction, the insider now owns 18,062 shares in the company, valued at $2,315,548.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce W. Duncan sold 3,376 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $132.16, for a total transaction of $446,172.16. Following the transaction, the director now owns 14,600 shares of the company’s stock, valued at approximately $1,929,536. The disclosure for this sale can be found here. Insiders have sold 23,157 shares of company stock valued at $3,008,421 in the last quarter. 12.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC purchased a new stake in shares of Marriott International in the second quarter valued at $25,000. NuWave Investment Management LLC raised its stake in shares of Marriott International by 373.9% in the second quarter. NuWave Investment Management LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 172 shares during the period. TLW Wealth Management LLC purchased a new stake in shares of Marriott International in the second quarter valued at $31,000. Rational Advisors LLC raised its stake in shares of Marriott International by 373.9% in the second quarter. Rational Advisors LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 172 shares during the period. Finally, Motco purchased a new stake in shares of Marriott International in the second quarter valued at $40,000. Institutional investors and hedge funds own 63.21% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific 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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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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