Marriott International (MAR) : Zacks Investment Research ranks Marriott International (MAR) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.5, which indicates as a Buy.
Marriott International (MAR) stock is expected to deviate a maximum of $9.75 from the average target price of $73.15 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $93 and the most muted being $56.
Company shares have received an average consensus rating of Hold for the current week Marriott International (NASDAQ:MAR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.98 and $71.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.10, notching a gain of 0.33% for the day. The total traded volume was 1,350,119 . The stock had closed at $71.86 on the previous day.
In a related news, The officer (Pres. Mgn. Director MEA), of Marriott International Inc /Md/, Kyriakidis Argiris had unloaded 3,000 shares at $71.49 per share in a transaction on August 1, 2016. The total value of transaction was $214,470. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.