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Bank of America Securities Remains a Buy on Marriott International (MAR)

Tipranks - Fri Jun 12, 3:40AM CDT

Bank of America Securities analyst Shaun Kelley maintained a Buy rating on Marriott International yesterday and set a price target of $395.00. The company’s shares closed yesterday at $386.23.

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Kelley covers the Consumer Cyclical sector, focusing on stocks such as Hyatt Hotels, Vail Resorts, and Hilton Worldwide Holdings. According to TipRanks, Kelley has an average return of 2.9% and a 52.07% success rate on recommended stocks.

Marriott International has an analyst consensus of Moderate Buy, with a price target consensus of $393.26.

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 92 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. Last month, Peggy Fang Roe, the EVP & Chf. Customer Officer of MAR sold 3,000.00 shares for a total of $1,084,680.00.

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