Marriott International (NASDAQ:MAR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Marriott International (NASDAQ:MAR) had its price objective raised by analysts at Jefferies Financial Group from $251.00 to $295.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 6.55% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays raised their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Sanford C. Bernstein lifted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Mizuho increased their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Truist Financial lifted their price target on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $269.65.

Marriott International Stock Down 0.7 %

Shares of MAR traded down $2.07 during midday trading on Thursday, reaching $276.87. The company had a trading volume of 349,120 shares, compared to its average volume of 1,433,192. Marriott International has a 1-year low of $204.55 and a 1-year high of $295.45. The firm has a 50 day simple moving average of $280.47 and a 200-day simple moving average of $253.40. The stock has a market cap of $76.94 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 5.47 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 analyst estimates of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 earnings per share. As a group, sell-side analysts anticipate that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. The trade was a 14.04 % 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 valued at $3,919,739 in the last quarter. Corporate insiders own 12.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MAR. Silvant Capital Management LLC bought a new stake in shares of Marriott International in the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International during the 3rd quarter worth $33,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Marriott International in the 2nd quarter valued at $36,000. Kathleen S. Wright Associates Inc. bought a new stake in Marriott International in the third quarter worth $40,000. Finally, Kimelman & Baird LLC bought a new position in Marriott International during the second quarter valued at about $41,000. Institutional investors and hedge funds 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.