Marriott International (NASDAQ:MAR) Price Target Raised to $308.00

Marriott International (NASDAQ:MAR) had its target price upped by equities research analysts at Truist Financial from $277.00 to $308.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 5.87% from the stock’s previous close.

Several other brokerages also recently commented on MAR. Barclays lowered their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Mizuho boosted their price objective on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $284.45.

Marriott International Trading Up 1.0 %

Shares of NASDAQ:MAR traded up $2.92 during trading on Wednesday, reaching $290.92. 847,595 shares of the stock were exchanged, compared to its average volume of 1,489,231. Marriott International has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market cap of $80.85 billion, a PE ratio of 30.39, a PEG ratio of 4.88 and a beta of 1.57. The stock has a 50-day moving average price of $284.37 and a 200-day moving average price of $261.87.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, sell-side analysts expect that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.07% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Large investors have recently modified their holdings of the stock. Hopwood Financial Services Inc. bought a new position in Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc boosted its holdings in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares during the period. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter valued at $31,000. Finally, Darwin Wealth Management LLC bought a new position in Marriott International in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.