Marriott International (MAR) Receives a Hold from Robert W. Baird
Robert W. Baird analyst Michael Bellisario reiterated a Hold rating on Marriott International (MAR) yesterday and set a price target of $127. The company’s shares closed yesterday at $119.53.
According to TipRanks.com, Bellisario is a 3-star analyst with an average return of 2.7% and a 51.0% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Hersha Hospitality Trust.
Marriott International has an analyst consensus of Moderate Buy, with a price target consensus of $132.25, a 10.6% upside from current levels. In a report issued on November 20, Argus Research also downgraded the stock to Hold.
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Based on Marriott International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.05 billion and net profit of $483 million. In comparison, last year the company earned revenue of $5.66 billion and had a net profit of $392 million.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.
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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.