Price Action Report: Time to Buy Marriott International Inc After Today’s Big Increase?

Price Action Report: Time to Buy Marriott International Inc After Today's Big Increase?

The stock of Marriott International Inc (NASDAQ:MAR) is a huge mover today! About 716,140 shares traded hands. Marriott International Inc (NASDAQ:MAR) has risen 16.52% since April 26, 2016 and is uptrending. It has outperformed by 11.26% the S&P500.
The move comes after 7 months positive chart setup for the $30.77 billion company. It was reported on Nov, 29 by Barchart.com. We have $85.60 PT which if reached, will make NASDAQ:MAR worth $2.46 billion more.

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 $322.22 million for 23.87 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 13 analysts covering Marriott International (NASDAQ:MAR), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Marriott International has been the topic of 29 analyst reports since August 5, 2015 according to StockzIntelligence Inc. SunTrust upgraded Marriott International Inc (NASDAQ:MAR) rating on Thursday, September 24. SunTrust has “Buy” rating and $92 price target. Evercore maintained Marriott International Inc (NASDAQ:MAR) rating on Monday, September 7. Evercore has “Buy” rating and $90 price target. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 4. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, March 23. The firm earned “Buy” rating on Tuesday, December 8 by Berenberg. The stock of Marriott International Inc (NASDAQ:MAR) earned “Neutral” rating by M Partners on Thursday, January 14. The stock of Marriott International Inc (NASDAQ:MAR) earned “Market Perform” rating by Telsey Advisory Group on Friday, September 23. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, September 26. Barclays Capital downgraded the shares of MAR in a report on Wednesday, August 12 to “Overweight” rating. The company was upgraded on Wednesday, August 5 by Evercore.

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 Q2 2016. Its up 2.41, from 1.08 in 2016Q1. The ratio improved, 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.
Moreover, Cs Mckee Limited Partnership has 0.55% invested in Marriott International Inc (NASDAQ:MAR) for 193,000 shares. Karpas Strategies Limited Com accumulated 0.41% or 12,500 shares. Creative Planning holds 0% of its portfolio in Marriott International Inc (NASDAQ:MAR) for 9,128 shares. Dekabank Deutsche Girozentrale owns 8,771 shares or 0.01% of their US portfolio. Nuveen Asset Ltd Company has 353,358 shares for 0.14% of their US portfolio. Moreover, Trexquant Invest Limited Partnership has 0.07% invested in Marriott International Inc (NASDAQ:MAR) for 7,904 shares. California Pub Employees Retirement System holds 0.06% of its portfolio in Marriott International Inc (NASDAQ:MAR) for 579,058 shares. Tower Rech Limited Company (Trc) accumulated 0.03% or 5,190 shares. Landscape Mgmt Limited Co has 0.07% invested in the company for 7,982 shares. Winslow Evans Crocker Inc last reported 0% of its portfolio in the stock. The Ohio-based Stratos Wealth Prtn Ltd has invested 0.22% in Marriott International Inc (NASDAQ:MAR). Cognios Capital has 1.55% invested in the company for 73,449 shares. Moreover, Manufacturers Life Insur Co The has 0.02% invested in Marriott International Inc (NASDAQ:MAR) for 172,916 shares. Carret Asset Mgmt Limited Liability holds 0.08% of its portfolio in Marriott International Inc (NASDAQ:MAR) for 6,066 shares. Fmr Lc owns 7.07M shares or 0.06% of their US portfolio.

Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 12 sales for $36.32 million net activity. BUSH MARY K had sold 1,750 shares worth $115,133. Smith Craig S. sold $100,641 worth of Marriott International Inc (NASDAQ:MAR) on Tuesday, August 23. Another trade for 290,242 shares valued at $21.03 million was sold by MARRIOTT RICHARD E. Another trade for 28,515 shares valued at $2.00 million was sold by MARRIOTT J W JR. $122,652 worth of Marriott International Inc (NASDAQ:MAR) was sold by Rodriguez David A. Marriott Stephen Blake sold 4,500 shares worth $331,515. 8,744 shares were sold by Ryan Edward A, worth $674,353.

More important 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 article titled: “Marriott International Reaches Analyst Target Price”, Businesswire.com published: “Correction: Fitch Affirms Marriott International, Inc.; Maintains Positive Outlook” on November 16, 2016. More interesting news about Marriott International Inc (NASDAQ:MAR) was released by: Nasdaq.com and their article: “Marriott International Inc. Earnings Climb 12% In Q3” with publication date: November 07, 2016.

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