Robert W. Baird Raises Marriott International (NASDAQ:MAR) Price Target to $264.00

Marriott International (NASDAQ:MAR) had its price target lifted by analysts at Robert W. Baird from $258.00 to $264.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential downside of 4.44% from the stock’s current price.

Several other brokerages have also recently weighed in on MAR. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $247.00 to $262.00 in a report on Thursday, August 29th. Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Truist Financial decreased their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Morgan Stanley decreased their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $259.00.

Marriott International Trading Up 6.4 %

MAR stock opened at $276.26 on Tuesday. The stock has a 50-day moving average price of $249.39 and a two-hundred day moving average price of $239.69. The stock has a market cap of $77.77 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 6.21 and a beta of 1.58. Marriott International has a 1 year low of $189.44 and a 1 year high of $277.41.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) 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 the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 207.04% and a net margin of 11.18%. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $2.11 EPS. On average, analysts forecast that Marriott International will post 9.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marriott International

Several hedge funds have recently bought and sold shares of MAR. BDF Gestion acquired a new stake in shares of Marriott International in the second quarter valued at approximately $3,013,000. CWM LLC raised its position in shares of Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares in the last quarter. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International in the third quarter valued at approximately $1,254,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Marriott International in the second quarter valued at approximately $3,844,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Marriott International by 1.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock valued at $9,611,000 after buying an additional 753 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.