Sanford C. Bernstein Raises Marriott International (NASDAQ:MAR) Price Target to $290.00

Marriott International (NASDAQ:MAR) had its price target boosted by investment analysts at Sanford C. Bernstein from $262.00 to $290.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price points to a potential upside of 4.97% from the stock’s current price.

A number of other research analysts have also weighed in on MAR. Wells Fargo & Company lifted their target price on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Cowen cut their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday. Truist Financial decreased their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $259.00.

Marriott International Stock Up 6.4 %

Shares of NASDAQ:MAR opened at $276.26 on Tuesday. The company has a 50-day moving average price of $249.39 and a two-hundred day moving average price of $239.69. Marriott International has a twelve month low of $189.44 and a twelve month high of $277.41. The firm has a market capitalization of $77.77 billion, a PE ratio of 28.90, a P/E/G ratio of 6.21 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during 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 207.04%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Analysts anticipate that Marriott International will post 9.27 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 the stock. Bangor Savings Bank increased its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Marriott International in the second quarter valued at about $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC purchased a new position in Marriott International during the 3rd quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International in the 2nd quarter worth approximately $35,000. 70.70% of the stock is owned by 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.