Marriott International (NASDAQ:MAR) Stock Price Expected to Rise, Barclays Analyst Says

Marriott International (NASDAQ:MAR) had its target price hoisted by Barclays from $240.00 to $249.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Bank of America raised their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. Wells Fargo & Company boosted their price objective on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on Marriott International from $240.00 to $255.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI raised their price target on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. 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, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $259.00.

Marriott International Stock Up 1.3 %

Shares of MAR stock opened at $259.66 on Tuesday. The stock has a market cap of $73.10 billion, a P/E ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58. The company’s fifty day simple moving average is $248.41 and its two-hundred day simple moving average is $239.43. Marriott International has a 52 week low of $189.34 and a 52 week high of $266.58.

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

Institutional Investors Weigh In On Marriott International

Institutional investors and hedge funds have recently made changes to their positions in the stock. BDF Gestion acquired a new stake in shares of Marriott International during the second quarter worth about $3,013,000. CWM LLC grew its position in Marriott International by 518.7% during the second quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares during the period. BayBridge Capital Group LLC purchased a new position in Marriott International in the third quarter valued at $1,254,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Marriott International in the second quarter worth about $3,844,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Marriott International by 1.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock valued at $9,611,000 after acquiring an additional 753 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.