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

Marriott International (NASDAQ:MAR) had its price objective increased by research analysts at Susquehanna from $255.00 to $285.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential downside of 1.12% from the stock’s previous close.

A number of other brokerages also recently issued reports on MAR. Sanford C. Bernstein raised their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. TD Cowen lowered their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Argus raised their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird increased their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus price target of $284.45.

Marriott International Stock Down 0.8 %

MAR stock opened at $288.24 on Wednesday. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a market capitalization of $80.10 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The company has a fifty day simple moving average of $284.38 and a two-hundred day simple moving average of $262.07.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, analysts anticipate that Marriott International will post 9.26 EPS for the current year.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently added to or reduced their stakes in MAR. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International in the fourth quarter worth $25,000. Bell Investment Advisors Inc increased its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Marriott International by 494.4% during 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. Finally, Silvant Capital Management LLC acquired a new stake in shares of Marriott International in the 3rd quarter worth $31,000. 70.70% of the stock is currently owned by institutional investors.

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.