Analysts at Cantor Fitzgerald increased their price target on shares of Marriott (NYSE: MAR)
The analysts wrote, ?We are introducing 2014 estimates for Marriott International, increasing our price target to $48 from $44, and reiterating our BUY rating. We have also begun to value Marriott off 2014 estimates. Our new price target represents 23% upside potential. Moreover, between free cash flow and incremental (leverage-neutral) borrowings, we believe Marriott could have $2.5-3.0 billion in available cash over the next two years to return to shareholders via dividends and buybacks.? A number of other analysts have also recently weighed in on MAR. Analysts at Zacks reiterated a ?neutral? rating on shares of Marriott in a research note to investors on Tuesday, January 8th. They now have a $41.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a ?neutral? rating on shares of Marriott in a research note to investors on Thursday, January 3rd. They now have a $41.50 price target on the stock. Finally, analysts at SunTrust upgraded shares of Marriott from a ?neutral? rating to a ?buy? rating in a research note to investors on Wednesday, January 2nd. They now have a $45.00 price target on the stock. They noted that the move was a valuation call.
Twelve investment analysts have rated the stock with a buy rating, one has issued an overweight rating, sixteen have assigned a hold rating, and two have assigned an underweight rating to the company?s stock. The stock presently has a consensus rating of ?overweight? and an average target price of $42.26.
Marriott traded down 0.39% on Monday, hitting $38.73. Marriott has a 52-week low of $33.40 and a 52-week high of $41.84. The stock?s 50-day moving average is currently $36.93. The company has a market cap of $12.221 billion and a price-to-earnings ratio of 24.56.
Marriott International, Inc. is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories.