Robert W. Baird analyst Michael Bellisario reiterated a Hold rating on Marriott International (NASDAQ: MAR) yesterday and set a price target of $115. The company’s shares closed yesterday at $120.11, close to its 52-week high of $124.34.
According to TipRanks.com, Bellisario is a 3-star analyst with an average return of 4.7% and a 65.7% success rate. Bellisario covers the Financial sector, focusing on stocks such as Condor Hospitality Trust Inc, Ashford Hospitality Trust, and Ashford Hospitality Prime.
Currently, the analyst consensus on Marriott International is Moderate Buy and the average price target is $114.33, representing a -4.8% downside.
In a report issued on November 8, Deutsche Bank also assigned a Hold rating to the stock with a $124 price target.
Based on Marriott International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.66 billion and quarterly net profit of $392 million. In comparison, last year the company earned revenue of $3.94 billion and had a net profit of $70 million.
Based on the recent corporate insider activity of 113 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.