Marriott International’s (MAR) “Neutral” Rating Reiterated at Macquarie

Marriott International (NASDAQ:MAR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Macquarie in a note issued to investors on Tuesday, Benzinga reports. They currently have a $245.00 target price on the stock. Macquarie’s price target indicates a potential downside of 6.04% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted 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. Evercore ISI lifted their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus price target of $257.17.

Marriott International Price Performance

MAR traded up $4.33 on Tuesday, reaching $260.76. 562,686 shares of the stock were exchanged, compared to its average volume of 1,465,565. The company’s 50-day moving average price is $247.77 and its 200 day moving average price is $239.27. Marriott International has a fifty-two week low of $189.34 and a fifty-two week high of $266.58. The firm has a market capitalization of $73.41 billion, a PE ratio of 26.02, a PEG ratio of 6.24 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $2.11 EPS. As a group, equities analysts forecast that Marriott International will post 9.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marriott International

Hedge funds have recently made changes to their positions in the company. Bangor Savings Bank grew its holdings in shares of Marriott International by 131.1% during 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. acquired a new stake in shares of Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the third quarter worth about $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International during the second quarter worth about $35,000. 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.