Marriott International (NASDAQ:MAR) Price Target Raised to $255.00

Marriott International (NASDAQ:MAR) had its price target raised by analysts at BMO Capital Markets from $240.00 to $255.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 3.76% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective on the stock. Morgan Stanley cut 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. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $253.95.

Marriott International Stock Down 0.2 %

Shares of MAR stock opened at $264.97 on Tuesday. Marriott International has a 12 month low of $180.75 and a 12 month high of $266.58. The business’s 50 day moving average is $239.95 and its two-hundred day moving average is $238.44. The company has a market cap of $75.68 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.26 earnings per share. As a group, equities analysts expect that Marriott International will post 9.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Marriott International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bangor Savings Bank increased its stake in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Marriott International during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Annapolis Financial Services LLC bought a new stake in Marriott International in the first quarter worth $34,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International during the second quarter valued at $35,000. Hedge funds and other institutional investors 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, City Express by Marriott, and St.