Morgan Stanley Keeps Their Buy Rating on Marriott International (MAR)
Morgan Stanley analyst Stephen Grambling maintained a Buy rating on Marriott International today and set a price target of $331.00.
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Grambling covers the Consumer Cyclical sector, focusing on stocks such as Polaris, Wynn Resorts, and Planet Fitness. According to TipRanks, Grambling has an average return of 6.0% and a 59.90% success rate on recommended stocks.
In addition to Morgan Stanley, Marriott International also received a Buy from Bernstein’s Richard Clarke in a report issued on March 5. However, on February 24, Truist Financial maintained a Hold rating on Marriott International (NASDAQ: MAR).
Based on Marriott International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.69 billion and a net profit of $445 million. In comparison, last year the company earned a revenue of $6.43 billion and had a net profit of $455 million
Based on the recent corporate insider activity of 86 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, Rajeev Menon, the President of MAR sold 3,492.00 shares for a total of $1,236,168.00.
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