Price Target Update on Marriott International (NASDAQ:MAR)

Marriott International (NASDAQ:MAR) : Average target price received by Marriott International (NASDAQ:MAR) is $73.08 with an expected standard deviation of $10.18. The most aggressive target on the stock is $93, whereas the most downbeat target is $56. 12 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Raymond James downgrades its rating on Marriott International (NASDAQ:MAR). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 20, 2016.

Marriott International (NASDAQ:MAR): stock turned positive on Thursday. Though the stock opened at $68.39, the bulls momentum made the stock top out at $68.99 level for the day. The stock recorded a low of $68.04 and closed the trading day at $68.95, in the green by 1.77%. The total traded volume for the day was 2,472,694. The stock had closed at $67.75 in the previous days trading.

The company shares have dropped -11.05% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $79.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $67.10 and the 200 Day Moving Average price is recorded at $66.51. On the companys insider trading activities, Capuano Anthony, officer (EVP- Chief Development Officer) of Marriott International Inc /Md/, unloaded 18,111 shares at an average price of $66.51 on June 15, 2016. The total amount of the transaction was worth $1,204,563, according to the disclosed information with 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.

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