Why Has Berenberg Bank Given Marriott International Inc (NYSE:MAR) a $90.00 Price Target
Analysts at Berenberg Bank have begun coverage on shares of Marriott International Inc (NYSE:MAR) in a very recent research note distributed on 8 December. The financial company set “Buy” rating on the $18.27B market cap company.
From a total of 20 analysts covering Marriott International Inc. (NYSE: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 $83.53 with a 23.32% above today’s ($69.5) stock price. Marriott International Inc. was the topic of 10 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity upgraded shares on December 4 to “Buy” rating. Susquehanna maintained MAR stock in a recent report from November 30 with “Positive” rating. Finally, Barclays Capital downgraded the stock to “Equal Weight” rating in a report issued on an August 13.
The stock decreased 2.17% or $1.54 during the last trading session, striking $69.5. Approximately shares of stock traded hands. Marriott International Inc (NYSE:MAR) has declined 11.14% since May 5, 2015 and is downtrending. It has underperformed by 10.54% the S&P500.
The overall sentiment of institutions has decreased to 0.69 in Q2 2015. Its down 0.12, from 0.81 in 2015Q2. The ratio fall, as 68 institutions have sold all the shares of Marriott International Inc that they owned while 210 funds have taken shares off the table. 54 funds have purchased shares for the first time while 138 added to their positions. These institutions now hold 127.46 million shares or 11.01% less than the 143.23 million shares they owned in 2015Q2.
The Fund Green Valley Investors Llc currently is holding shares equating to 3.85% of its total portfolio in Marriott International Inc representing a total of 2.63 million shares. Another fund,Reliant Investment Management Llc, is holding a total of 41,108 shares equating to 2.75% of their holdings. Additionally, Markel Corp has a 1.42 million share stake in Marriott International Inc which represents 2.56% of their total portfolio. The Fund, Ncm Capital Advisers Inc., based out of North Carolina, has also built up a stake in the stock, which represents a total of 2.11% of their total portfolio. Finally Daiwa Sb Investments Ltd., a fund which is based in the state of Japan reported a total holdings of 129,185 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 2, 2015, shareholders of Marriott International Inc have witnessed 0 buys, and a total of 5 sales equating to a net activity of approximately $15.23 million . Grissen David sold 3,000 shares worth approximately $198,270. Marriott Richard E sold 34,550 shares worth approximately $2.50M. Marriott J W Jr sold 34,550 shares worth approximately $2.50 million. Cooper Simon sold 5,380 shares worth approximately $419,801. The company insider Marriott David S sold 24,000 shares worth $2.03 million.
Marriott International, Inc. is a diversified global lodging company. The company has a market cap of $18.27 billion. The Firm is an operator, franchisor and licensor of hotels and timeshare properties across the world. It has 23.03 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).