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

Marriott International (NASDAQ:MAR) had its price objective raised by equities research analysts at Truist Financial from $277.00 to $308.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 5.87% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus upped their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. UBS Group increased their price target on Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a research report on Wednesday. Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. The Goldman Sachs Group raised their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Argus raised their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $284.45.

Marriott International Trading Up 1.0 %

MAR traded up $2.92 on Wednesday, hitting $290.92. 847,595 shares of the stock traded hands, compared to its average volume of 1,489,231. 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 $80.85 billion, a PE ratio of 30.39, a P/E/G ratio of 4.88 and a beta of 1.57. The business has a fifty day moving average price of $284.37 and a two-hundred day moving average price of $261.87.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, equities research analysts forecast that Marriott International will post 9.26 EPS for the current fiscal year.

Insider Transactions at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Marriott International in the 4th quarter valued at about $580,922,000. Charles Schwab Investment Management Inc. increased its position in shares of Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after acquiring an additional 32,288 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Marriott International by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after acquiring an additional 46,563 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Marriott International by 19.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 790,162 shares of the company’s stock valued at $220,408,000 after acquiring an additional 125,993 shares during the last quarter. Finally, National Pension Service increased its position in shares of Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

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.