Marriott International (NASDAQ:MAR) PT Raised to $240.00 at Barclays

Marriott International (NASDAQ:MAR) had its price objective lifted by equities researchers at Barclays from $239.00 to $240.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 1.69% from the company’s current price.

Several other equities analysts have also issued reports on MAR. Truist Financial boosted their price target on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Jefferies Financial Group boosted their price target on Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Mizuho started coverage on Marriott International in a research note on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price target on the stock. Argus boosted their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets boosted their price target on Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $236.88.

Marriott International Stock Performance

Marriott International stock opened at $236.00 on Friday. The business’s 50-day simple moving average is $248.31 and its 200-day simple moving average is $225.65. The firm has a market capitalization of $68.20 billion, a PE ratio of 23.16, a PEG ratio of 1.72 and a beta of 1.62. Marriott International has a 52 week low of $162.77 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Research analysts forecast that Marriott International will post 9.46 earnings per share for the current year.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total value of $617,240.00. Following the transaction, the director now directly owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total transaction of $617,240.00. Following the sale, the director now owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last three months. 12.32% of the stock is owned by corporate insiders.

Institutional Trading of Marriott International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Capital Management LLC raised its position in shares of Marriott International by 2.3% during the 4th quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after acquiring an additional 42 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of Marriott International by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock valued at $927,000 after buying an additional 42 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after buying an additional 42 shares in the last quarter. Grove Bank & Trust increased its position in shares of Marriott International by 3.4% in the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares in the last quarter. Finally, Argus Investors Counsel Inc. increased its position in shares of Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock valued at $1,743,000 after buying an additional 45 shares in the last quarter. 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.