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.
Marriott International, Inc. has lost 3.61% in the last five trading days and dropped 1.03% in the last 4 weeks. Marriott International, Inc. has dropped 0.55% during the last 3-month period . Year-to-Date the stock performance stands at -0.05%. Also, In a research note released to the investors, Raymond James downgrades its rating on Marriott International (NASDAQ:MAR).The analysts at the brokerage house have a current rating of Market Perform 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) : 4 brokerage houses believe that Marriott International (NASDAQ:MAR) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Marriott International (NASDAQ:MAR). Zacks Investment Research suggests a Sell with a rank of 4. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.
Marriott International (NASDAQ:MAR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.68 and $64.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.46, notching a gain of 2.40% for the day. The total traded volume was 4,329,573 . The stock had closed at $64.90 on the previous day.
In an insider trading activity, 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.