In a report released today, Carlo Santarelli from Deutsche Bank maintained a Hold rating on Marriott International (MAR), with a price target of $135.00. The company’s shares closed last Monday at $140.66.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 24.0% and a 66.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Caesars Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marriott International with a $139.64 average price target, a -3.6% downside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a $140.00 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 $2.17 billion and GAAP net loss of $164 million. In comparison, last year the company earned revenue of $5.37 billion and had a net profit of $279 million.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MAR in relation to earlier this year.
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Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service, North American Limited-Service, Asia Pacific, and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select properties located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The Other International segment represents its Caribbean and Latin America, Europe, and Middle East and Africa properties. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.