Marriott International (NASDAQ:MAR) Given New $270.00 Price Target at Evercore ISI

Marriott International (NASDAQ:MAR) had its price target raised by equities research analysts at Evercore ISI from $245.00 to $270.00 in a report released on Monday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target suggests a potential upside of 1.99% from the stock’s current price.

MAR has been the topic of a number of other reports. Truist Financial dropped their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. The Goldman Sachs Group started coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. UBS Group reduced their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Barclays increased their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird set a $258.00 price objective on Marriott International in a report on Thursday. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Marriott International has an average rating of “Hold” and an average price target of $250.56.

Marriott International Stock Down 0.3 %

MAR traded down $0.86 during midday trading on Monday, hitting $264.74. 181,639 shares of the company were exchanged, compared to its average volume of 1,473,217. The firm has a market capitalization of $75.62 billion, a P/E ratio of 27.37, a P/E/G ratio of 6.15 and a beta of 1.59. Marriott International has a 1-year low of $180.75 and a 1-year high of $266.58. The firm’s 50 day moving average price is $238.95 and its 200-day moving average price is $238.33.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 EPS. On average, sell-side analysts predict that Marriott International will post 9.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MAR. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Marriott International by 36,856.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Capital International Investors grew its stake in shares of Marriott International by 4.7% in the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the last quarter. AXA S.A. grew its stake in shares of Marriott International by 133.4% in the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after purchasing an additional 126,323 shares during the last quarter. Finally, F M Investments LLC bought a new stake in shares of Marriott International in the second quarter worth about $19,765,000. 70.70% of the stock is owned by institutional investors.

About Marriott International

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.