Marriott International (NASDAQ:MAR) Earns “Neutral” Rating from Macquarie

Marriott International (NASDAQ:MAR)‘s stock had its “neutral” rating reaffirmed by equities researchers at Macquarie in a report issued on Tuesday, Benzinga reports. They presently have a $245.00 target price on the stock. Macquarie’s price target indicates a potential downside of 6.04% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Truist Financial decreased their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $247.00 to $262.00 in a report on Thursday, August 29th. Wells Fargo & Company lifted their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group assumed coverage on Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. Finally, Bank of America boosted their price target on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average price target of $257.17.

Marriott International Stock Performance

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

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. On average, analysts expect that Marriott International will post 9.37 EPS for the current fiscal year.

Institutional Trading of Marriott International

Several institutional investors have recently made changes to their positions in MAR. Bangor Savings Bank boosted its stake in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International in the second quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International in the second quarter worth approximately $28,000. Silvant Capital Management LLC purchased a new position in Marriott International during the 3rd quarter worth $31,000. Finally, Unique Wealth Strategies LLC purchased a new position in Marriott International during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

About Marriott International

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.