In a report issued on February 28, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Marriott International (MAR), with a price target of $123. The company’s shares opened today at $126.49.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.5% and a 63.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Penn National Gaming, and Red Rock Resorts Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Marriott International with a $126.60 average price target.
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Based on Marriott International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.29 billion and net profit of $317 million. In comparison, last year the company earned revenue of $5.88 billion and had a net profit of $201 million.
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Marriott International, Inc. is a diversified global lodging company, which engages in the operation and franchise of hotels, corporate housing properties, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; and International.
