Marriott International (NASDAQ:MAR) Rating Increased to Outperform at Evercore ISI

Marriott International (NASDAQ:MAR) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Tuesday,Finviz reports. The brokerage currently has a $330.00 price target on the stock. Evercore ISI’s price objective would suggest a potential upside of 13.61% from the stock’s current price.

Several other research analysts also recently weighed in on MAR. BMO Capital Markets increased their price target on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $275.15.

Marriott International Trading Down 0.0 %

Shares of MAR stock opened at $290.46 on Tuesday. The firm’s 50 day moving average is $283.06 and its 200 day moving average is $259.10. Marriott International has a 12 month low of $204.55 and a 12 month high of $295.45. The stock has a market capitalization of $80.72 billion, a P/E ratio of 30.38, a PEG ratio of 4.68 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced 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 net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that Marriott International will post 9.26 EPS for the current year.

Insider Activity

In other news, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,815 shares of company stock valued at $3,919,739. 10.07% of the stock is currently owned by company insiders.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently bought and sold shares of MAR. Sound Income Strategies LLC lifted its stake in shares of 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 last quarter. Silvant Capital Management LLC bought a new position in Marriott International during the 3rd quarter worth about $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the third quarter valued at $33,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. Finally, ORG Partners LLC boosted its stake in shares of Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds 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.