Barclays Raises Marriott International (NASDAQ:MAR) Price Target to $286.00

Marriott International (NASDAQ:MAR) had its price target increased by stock analysts at Barclays from $249.00 to $286.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 0.16% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Stifel Nicolaus increased their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen cut their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein boosted their target price on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $266.25.

Marriott International Stock Performance

Shares of Marriott International stock traded down $3.52 on Friday, hitting $286.47. The company’s stock had a trading volume of 253,053 shares, compared to its average volume of 1,444,239. Marriott International has a 1 year low of $204.55 and a 1 year high of $295.45. The firm has a fifty day moving average price of $274.12 and a 200-day moving average price of $248.34. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 5.56 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced 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). The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $2.11 EPS. As a group, analysts forecast that Marriott International will post 9.26 EPS for the current year.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MAR. ORG Partners LLC lifted its stake in Marriott International by 77.5% in the second quarter. ORG Partners LLC now owns 197 shares of the company’s stock valued at $47,000 after buying an additional 86 shares during the last quarter. Swedbank AB increased its stake in Marriott International by 1.4% in the second quarter. Swedbank AB now owns 59,751 shares of the company’s stock valued at $14,446,000 after purchasing an additional 809 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Marriott International by 1.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,015 shares of the company’s stock worth $1,212,000 after buying an additional 51 shares during the period. Miracle Mile Advisors LLC increased its position in Marriott International by 1.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 2,749 shares of the company’s stock valued at $665,000 after acquiring an additional 49 shares during the period. Finally, Brookstone Capital Management raised its stake in Marriott International by 30.5% during the 2nd quarter. Brookstone Capital Management now owns 3,435 shares of the company’s stock valued at $850,000 after acquiring an additional 802 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.