DBS upgrades Marriott International (MAR) to a Buy
Marriott International received a Buy rating and a $417.00 price target from DBS analyst Geraldine Wong on May 16.
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Wong covers the Real Estate sector, focusing on stocks such as Centurion Accommodation REIT, CapitaLand China Trust, and Lendlease Global Commercial REIT. According to TipRanks, Wong has an average return of 4.1% and a 60.38% success rate on recommended stocks.
In addition to DBS, Marriott International also received a Buy from Bernstein’s Richard Clarke in a report issued on May 15. However, on May 8, Stifel Nicolaus maintained a Hold rating on Marriott International (NASDAQ: MAR).
Based on Marriott International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.65 billion and a net profit of $648 million. In comparison, last year the company earned a revenue of $6.26 billion and had a net profit of $665 million
Based on the recent corporate insider activity of 90 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. Earlier this month, Yibing Mao, the Pres. Greater China of MAR sold 4,816.00 shares for a total of $1,674,619.52.
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