Shares of Marriott (NASDAQ:MAR) Struck With Upgrade From Canaccord Genuity. Should Investors Now Buy the Stock?


Marriott (NASDAQ:MAR) Stock Upgrade

In analysts note revealed to clients on Friday morning, Canaccord Genuity lifted Marriott (NASDAQ:MAR) shares to respectable “Buy” rating from a “Hold”. They now have a $88 PT on shares. and their PT may imply a possible upside of 27.94% over the last stock price.

From a total of 20 analysts covering Marriott International (NASDAQ:MAR) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is $100 while the lowest target price is $61. The mean of all analyst targets is $83.28 with a 17.45% above today’s ($68.78) stock price. Marriott International was the topic of 13 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 4 with “Outperform” rating. Zacks downgraded MAR stock in a recent report from August 21 to “Buy” rating.

The stock closed the day at $68.78 during the previous session. It is down 15.05% since May 1, 2015 and is downtrending. It has underperformed by 12.27% the S&P500.

Marriott International, Inc. is a diversified global lodging company. The company has a market cap of $17.69 billion. The Firm is an operator, franchisor and licensor of hotels and timeshare properties across the world. It has 22.79 P/E ratio. It also operates markets and develops residential properties and provides services to home/condominium owner associations.

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.” Get a free copy of the Zacks research report on Marriott International Inc (MAR).