Barclays Issues Positive Forecast for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR) had its target price upped by Barclays from $240.00 to $249.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

MAR has been the subject of several other reports. Robert W. Baird lifted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial cut their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 1.3 %

Shares of Marriott International stock opened at $259.66 on Tuesday. The company’s fifty day simple moving average is $248.41 and its two-hundred day simple moving average is $239.43. Marriott International has a 12-month low of $189.34 and a 12-month high of $266.58. The company has a market cap of $73.10 billion, a P/E ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58.

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

Hedge Funds Weigh In On Marriott International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its position in Marriott International by 0.4% in the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares in the last quarter. Haverford Trust Co raised its stake in Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after acquiring an additional 40 shares during the period. Rockland Trust Co. boosted its position in shares of Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the period. Park Avenue Securities LLC raised its position in shares of Marriott International by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its holdings in Marriott International by 1.5% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after buying an additional 46 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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.