Marriott International (MAR) : Currently there are 13 street experts covering Marriott International (MAR) stock. The most bullish and bearish price target for the stock is $93 and $56 respectively for the short term. The average price target of all the analysts comes to $73.23. The estimated standard deviation from the target is $9.76.
Marriott International (MAR) has seen a shortfall of 3,143,354 shares or 5.2% in the short interest. The remaining shorts are 29.9% of the total floated shares. The net short interest, as on June 30,2016, stood at 57,347,257 shares and the stocks days to cover will be 15 by factoring in the average per day volume of 3,891,206 shares. On June 15,2016, 60,490,611 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Evercore ISI Group upgrades its rating on Marriott International (NASDAQ:MAR). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 30, 2016.
Marriott International (NASDAQ:MAR): stock turned positive on Thursday. Though the stock opened at $70.9, the bulls momentum made the stock top out at $71 level for the day. The stock recorded a low of $70.34 and closed the trading day at $70.45, in the green by 0.47%. The total traded volume for the day was 2,274,519. The stock had closed at $70.12 in the previous days trading.
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.