Live Stock Coverage: Marriott International Inc on Focus After Trading At 52-Week Highs

Live Stock Coverage: Marriott International Inc on Focus After Trading At 52 Week Highs

The stock of Marriott International Inc (NASDAQ:MAR) hit a new 52-week high and has $84.02 target or 7.00% above today’s $78.52 share price. The 9 months bullish chart indicates low risk for the $30.75 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $84.02 price target is reached, the company will be worth $2.15 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.56% or $0.44 during the last trading session, hitting $78.52. About 1.05 million shares traded hands. Marriott International Inc (NASDAQ:MAR) has risen 17.34% since April 22, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.

Analysts await Marriott International Inc (NASDAQ:MAR) to report earnings on February, 15. They expect $0.83 earnings per share, up 7.79% or $0.06 from last year’s $0.77 per share. MAR’s profit will be $325.04M for 23.65 P/E if the $0.83 EPS becomes a reality. After $0.91 actual earnings per share reported by Marriott International Inc for the previous quarter, Wall Street now forecasts -8.79% negative EPS growth.

Marriott International Inc (NASDAQ:MAR) Ratings Coverage

Out of 12 analysts covering Marriott International (NASDAQ:MAR), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. Marriott International has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, March 23 by Canaccord Genuity. Evercore upgraded the shares of MAR in a report on Wednesday, August 5 to “Hold” rating. The stock of Marriott International Inc (NASDAQ:MAR) earned “Market Perform” rating by Telsey Advisory Group on Friday, September 23. The company was upgraded on Monday, September 26 by Morgan Stanley. The rating was upgraded by SunTrust to “Buy” on Thursday, September 24. As per Wednesday, April 20, the company rating was downgraded by Raymond James. The company was initiated on Monday, September 26 by Goldman Sachs. The stock of Marriott International Inc (NASDAQ:MAR) earned “Buy” rating by Zacks on Friday, August 21. The stock of Marriott International Inc (NASDAQ:MAR) earned “Buy” rating by Evercore on Monday, September 7. As per Tuesday, December 8, the company rating was initiated by Berenberg.

According to Zacks Investment Research, “Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.”

Insitutional Activity: The institutional sentiment increased to 3.49 in 2016 Q2. Its up 2.41, from 1.08 in 2016Q1. The ratio is positive, as 49 funds sold all Marriott International Inc shares owned while 177 reduced positions. 62 funds bought stakes while 181 increased positions. They now own 186.02 million shares or 12.43% more from 165.45 million shares in 2016Q1.
Boyar Asset Mgmt has invested 1.46% of its portfolio in Marriott International Inc (NASDAQ:MAR). Gradient Invs Ltd Llc accumulated 1,958 shares or 0.01% of the stock. Sumitomo Mitsui Tru accumulated 598,471 shares or 0.07% of the stock. Ubs Asset Mgmt Americas accumulated 0.04% or 486,875 shares. Congress Asset Mgmt Ma, a Massachusetts-based fund reported 3,277 shares. Cranbrook Wealth Management Limited last reported 0.01% of its portfolio in the stock. Kbc Grp Nv owns 81,255 shares or 0.08% of their US portfolio. Arrow Financial owns 8,519 shares or 0.15% of their US portfolio. Sumitomo Life Insurance Co has 17,812 shares for 0.16% of their US portfolio. Principal Financial Gru Inc, a Iowa-based fund reported 292,318 shares. New Mexico Educational Retirement Board accumulated 22,238 shares or 0.07% of the stock. Cognios Capital Ltd last reported 1.55% of its portfolio in the stock. Connor Clark Lunn Investment Mgmt Ltd holds 0.05% of its portfolio in Marriott International Inc (NASDAQ:MAR) for 110,900 shares. Victory Cap Mngmt accumulated 0% or 12,010 shares. Invesco owns 2.32M shares or 0.06% of their US portfolio.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 12 sales for $36.32 million net activity. 1,750 shares were sold by BUSH MARY K, worth $115,133. Rodriguez David A sold $122,652 worth of stock. Another trade for 8,744 shares valued at $674,353 was made by Ryan Edward A on Monday, November 21. 71,287 Marriott International Inc (NASDAQ:MAR) shares with value of $5.00 million were sold by MARRIOTT RICHARD E. Capuano Anthony sold $1.66M worth of stock or 22,538 shares. Another trade for 28,515 shares valued at $2.00 million was sold by MARRIOTT J W JR. Smith Craig S. had sold 1,373 shares worth $100,641 on Tuesday, August 23.

More recent Marriott International Inc (NASDAQ:MAR) news were published by: Prnewswire.com which released: “Marriott International Continues Expansion in Latin America with the Signing …” on November 23, 2016. Also Forbes.com published the news titled: “Marriott International Reaches Analyst Target Price” on November 15, 2016. Businesswire.com‘s news article titled: “Correction: Fitch Affirms Marriott International, Inc.; Maintains Positive Outlook” with publication date: November 16, 2016 was also an interesting one.

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