Marriott International (NASDAQ:MAR - Get Free Report) had its price objective upped by analysts at Susquehanna from $255.00 to $285.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Susquehanna's price target points to a potential downside of 0.60% from the company's current price.
A number of other equities research analysts have also recently issued reports on the stock. Macquarie reaffirmed a "neutral" rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Argus raised their price objective on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Mizuho boosted their target price on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Finally, TD Cowen dropped their price objective on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has an average rating of "Hold" and a consensus target price of $280.05.
Get Our Latest Analysis on Marriott International
Shares of Marriott International stock traded down $1.29 during trading on Wednesday, hitting $286.71. 266,754 shares of the company were exchanged, compared to its average volume of 1,464,373. The firm has a market capitalization of $79.67 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The firm's fifty day moving average price is $284.37 and its 200 day moving average price is $261.87. Marriott International has a 1-year low of $204.55 and a 1-year high of $307.52.
Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, equities research analysts anticipate that Marriott International will post 9.26 earnings per share for the current year.
In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.07% of the company's stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International during the fourth quarter valued at about $25,000. Bell Investment Advisors Inc increased its position in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC lifted its position in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares during the last quarter. Silvant Capital Management LLC purchased a new position in Marriott International in the 3rd quarter worth approximately $31,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Marriott International during the third quarter valued at approximately $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.
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.
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