Marriott International (NASDAQ:MAR) Given New $269.00 Price Target at JPMorgan Chase & Co.

Marriott International (NASDAQ:MAR) had its target price increased by analysts at JPMorgan Chase & Co. from $251.00 to $269.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 7.24% from the company’s current price.

Several other research analysts have also weighed in on the company. The Goldman Sachs Group upped their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Evercore ISI increased their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Barclays lifted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird raised their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $264.40.

Marriott International Trading Down 0.6 %

Shares of Marriott International stock opened at $289.99 on Friday. Marriott International has a 1 year low of $204.55 and a 1 year high of $295.45. The stock has a 50-day moving average price of $274.12 and a 200 day moving average price of $248.34. The company has a market cap of $80.59 billion, a P/E ratio of 30.33, a P/E/G ratio of 5.56 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. On average, equities analysts forecast that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 over the last 90 days. Corporate insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. bought a new stake in shares of Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the second quarter worth $28,000. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the third quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the third quarter worth about $33,000. Finally, Unique Wealth Strategies LLC acquired a new position in Marriott International during the 2nd quarter valued at about $35,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.