Marriott International (NASDAQ:MAR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Marriott International (NASDAQ:MAR) had its price target boosted by stock analysts at Robert W. Baird from $258.00 to $264.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential upside of 2.95% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective 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 report on Thursday, August 1st. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Friday, August 2nd. UBS Group dropped their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, Barclays upped their target price on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. 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, Marriott International currently has an average rating of “Hold” and a consensus price target of $256.72.

Marriott International Price Performance

MAR opened at $256.43 on Tuesday. The firm has a market cap of $72.19 billion, a P/E ratio of 25.64, a PEG ratio of 6.24 and a beta of 1.58. Marriott International has a 1-year low of $189.34 and a 1-year high of $266.58. The company has a 50 day simple moving average of $247.77 and a two-hundred day simple moving average of $239.27.

Marriott International (NASDAQ:MAR) last issued its quarterly 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). Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the company posted $2.11 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Marriott International will post 9.37 earnings per share for the current year.

Institutional Trading of Marriott International

Several hedge funds and other institutional investors have recently bought and sold shares of MAR. JPMorgan Chase & Co. grew its holdings in Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after purchasing an additional 192,652 shares during the last quarter. Capital International Investors raised its position in shares of Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after purchasing an additional 149,378 shares during the last quarter. National Pension Service lifted its stake in shares of Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after buying an additional 74,832 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after acquiring an additional 33,149 shares during the period. Finally, First Pacific Advisors LP raised its stake in Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after acquiring an additional 12,499 shares during the last quarter. 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.