Robert W. Baird Lowers Marriott International (NASDAQ:MAR) Price Target to $245.00

Marriott International (NASDAQ:MAR) had its target price cut by analysts at Robert W. Baird from $252.00 to $245.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 7.79% from the company’s previous close.

Several other analysts have also weighed in on the stock. BMO Capital Markets raised their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Susquehanna began coverage on shares of Marriott International in a research note on Friday, June 21st. They set a “neutral” rating and a $255.00 price target on the stock. Barclays increased their price target on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Thirteen investment 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 stock currently has an average rating of “Hold” and a consensus target price of $243.29.

Marriott International Stock Down 4.8 %

NASDAQ:MAR opened at $227.30 on Thursday. Marriott International has a 12-month low of $180.75 and a 12-month high of $260.57. The firm has a market capitalization of $64.92 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 4.49 and a beta of 1.60. The firm has a 50-day moving average price of $238.69 and a 200 day moving average price of $242.04.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. On average, research analysts expect that Marriott International will post 9.56 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Telos Capital Management Inc. acquired a new position in shares of Marriott International during the 2nd quarter worth about $237,000. Claro Advisors LLC bought a new stake in shares of Marriott International during the 2nd quarter worth about $207,000. Summit Financial LLC boosted its holdings in shares of Marriott International by 5.8% during the 2nd quarter. Summit Financial LLC now owns 10,486 shares of the company’s stock worth $2,535,000 after buying an additional 572 shares during the period. Interchange Capital Partners LLC bought a new stake in shares of Marriott International during the 2nd quarter worth about $696,000. Finally, Essex Financial Services Inc. boosted its holdings in shares of Marriott International by 7.3% during the 2nd quarter. Essex Financial Services Inc. now owns 3,916 shares of the company’s stock worth $947,000 after buying an additional 267 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.