Marriott International (NASDAQ:MAR) Given New $264.00 Price Target at Robert W. Baird

Marriott International (NASDAQ:MAR) had its price target increased by stock analysts at Robert W. Baird from $258.00 to $264.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 2.95% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Truist Financial decreased their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Barclays raised their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $256.72.

Marriott International Stock Performance

Shares of Marriott International stock opened at $256.43 on Tuesday. Marriott International has a 52-week low of $189.34 and a 52-week high of $266.58. The stock has a market cap of $72.19 billion, a PE ratio of 25.64, a PEG ratio of 6.24 and a beta of 1.58. The firm has a 50-day moving average of $247.77 and a 200-day moving average of $239.27.

Marriott International (NASDAQ:MAR) last released 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 earnings per share. Equities research analysts predict that Marriott International will post 9.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marriott International

Large investors have recently bought and sold shares of the business. Bangor Savings Bank boosted its position in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International in the second quarter worth approximately $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International during the 3rd quarter worth $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Marriott International in the 2nd quarter worth $35,000. 70.70% of the stock is currently 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, City Express by Marriott, and St.