Marriott International (NASDAQ:MAR) Price Target Raised to $301.00 at UBS Group

Marriott International (NASDAQ:MAR) had its target price increased by analysts at UBS Group from $294.00 to $301.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 3.29% from the company’s previous close.

Several other equities analysts also recently commented on MAR. Wells Fargo & Company increased their price target on Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Barclays decreased their price objective on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday. Jefferies Financial Group increased their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $282.90.

Marriott International Stock Performance

Shares of MAR stock traded up $3.41 during trading on Wednesday, hitting $291.41. 783,359 shares of the company were exchanged, compared to its average volume of 1,486,283. The business’s 50-day simple moving average is $284.37 and its 200 day simple moving average is $261.87. Marriott International has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market capitalization of $80.98 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, equities analysts forecast that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Marriott International

Institutional investors have recently bought and sold shares of the business. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International during the 4th quarter worth approximately $25,000. Bell Investment Advisors Inc lifted its holdings in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 55 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at $31,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the third quarter worth about $33,000. 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.