Marriott International Inc (MAR) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 92 from a previous price target of $90 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.
Based on several research reports , Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $90 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $90 .Marriott International Inc was Downgraded by SunTrust to ” Hold” on Feb 21, 2017. Company shares were Reiterated by Telsey Advisory Group on Feb 17, 2017 to “Market Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $73 .Company shares were Reiterated by Stifel on Jan 10, 2017 to “Hold”, Firm has raised the Price Target to $ 78 from a previous price target of $67 .
On the company’s financial health, Marriott International Inc reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 15, 2017. Analyst had a consensus of $0.84. The company had revenue of $5456.00 million for the quarter, compared to analysts expectations of $4887.16 million. The company’s revenue was up 47.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Several company insiders have filed Insider transactions , on Feb 23, 2017, David Grissen (Group President) sold 17,125 shares at $88.11 per share price. According to the SEC, on Dec 29, 2016, Craig S. Smith (Pres. Mgn. Dir. Asia Pacific) sold 600 shares at $84.41 per share price. On Dec 19, 2016, Edward A Ryan (EVP & Gen. Counsel) sold 5,000 shares at $84.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Marriott International Inc opened for trading at $86.97 and hit $87.65 on the upside on Monday, eventually ending the session at $87.45, with a gain of 0.42% or 0.37 points. The heightened volatility saw the trading volume jump to 18,85,192 shares. Company has a market cap of $33,542 M.
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.