Marriott International (NASDAQ:MAR) Price Target Raised to $265.00

Marriott International (NASDAQ:MAR) had its target price boosted by stock analysts at BMO Capital Markets from $255.00 to $265.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 1.63% from the company’s current price.

MAR has been the subject of several other reports. Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Bank of America increased their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. increased their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $257.17.

Marriott International Trading Up 1.7 %

Shares of MAR stock traded up $4.33 on Tuesday, reaching $260.76. The company had a trading volume of 562,686 shares, compared to its average volume of 1,465,565. The company has a 50-day moving average of $247.77 and a 200-day moving average of $239.27. Marriott International has a 12 month low of $189.34 and a 12 month high of $266.58. The stock has a market cap of $73.41 billion, a PE ratio of 26.02, a PEG ratio of 6.24 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the company posted $2.11 earnings per share. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Marriott International will post 9.37 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bangor Savings Bank grew its position in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International during the second quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International in the second quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International in the third quarter valued at approximately $31,000. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $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.