Marriott International (NASDAQ:MAR) PT Lowered to $216.00

Marriott International (NASDAQ:MAR) had its price objective dropped by research analysts at Deutsche Bank Aktiengesellschaft from $222.00 to $216.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 0.09% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Susquehanna started coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price objective for the company. Barclays increased their price target on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Robert W. Baird reduced their target price on Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Marriott International from $248.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, BMO Capital Markets raised their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $241.22.

Marriott International Price Performance

Marriott International stock traded down $11.11 during trading hours on Thursday, hitting $216.19. The company had a trading volume of 1,671,377 shares, compared to its average volume of 1,467,497. The firm has a 50-day moving average of $238.69 and a 200 day moving average of $242.04. The firm has a market cap of $61.75 billion, a PE ratio of 22.27, a PEG ratio of 4.49 and a beta of 1.60. Marriott International has a one year low of $180.75 and a one year high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.26 EPS. As a group, research analysts expect that Marriott International will post 9.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Telos Capital Management Inc. bought a new stake in shares of Marriott International during the 2nd quarter valued at about $237,000. Claro Advisors LLC bought a new position in shares of Marriott International during the 2nd quarter worth approximately $207,000. Summit Financial LLC increased its stake in shares of Marriott International by 5.8% in the 2nd quarter. Summit Financial LLC now owns 10,486 shares of the company’s stock valued at $2,535,000 after acquiring an additional 572 shares in the last quarter. Interchange Capital Partners LLC bought a new position in Marriott International during the second quarter worth $696,000. Finally, Essex Financial Services Inc. grew its holdings in Marriott International by 7.3% in the second quarter. Essex Financial Services Inc. now owns 3,916 shares of the company’s stock worth $947,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.