Marriott International (NASDAQ:MAR) Coverage Initiated at Mizuho

Research analysts at Mizuho started coverage on shares of Marriott International (NASDAQ:MAR) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $263.00 price target on the stock. Mizuho’s target price indicates a potential upside of 3.72% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets lifted their price objective on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. UBS Group raised their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Jefferies Financial Group raised their price target on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Wells Fargo & Company raised their price target on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, Truist Financial raised their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $236.81.

Marriott International Trading Up 0.5 %

Marriott International stock opened at $253.56 on Tuesday. Marriott International has a twelve month low of $155.80 and a twelve month high of $256.53. The stock has a 50 day moving average of $245.29 and a two-hundred day moving average of $219.31. The stock has a market capitalization of $75.71 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.83 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS. Equities analysts predict that Marriott International will post 9.47 earnings per share for the current year.

Insider Activity at Marriott International

In related news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 over the last three months. 12.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC lifted its position in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Marriott International during the 4th quarter valued at $30,000. OFI Invest Asset Management acquired a new stake in shares of Marriott International during the 3rd quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in shares of Marriott International during the 4th quarter valued at $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Marriott International during the 4th quarter valued at $33,000. 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.