Marriott International (NASDAQ:MAR) Price Target Cut to $254.00

Marriott International (NASDAQ:MAR) had its price objective lowered by analysts at Truist Financial from $263.00 to $254.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 18.27% from the stock’s previous close.

Several other brokerages also recently issued reports on MAR. JPMorgan Chase & Co. upped their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Mizuho upped their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Barclays boosted their target price on Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $241.89.

Marriott International Stock Down 0.2 %

Shares of MAR stock opened at $214.77 on Tuesday. The company has a market capitalization of $61.34 billion, a P/E ratio of 22.16, a P/E/G ratio of 4.24 and a beta of 1.60. Marriott International has a 12-month low of $180.75 and a 12-month high of $260.57. The firm has a 50-day moving average price of $236.81 and a 200 day moving average price of $241.53.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the business earned $2.26 EPS. Marriott International’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that Marriott International will post 9.29 earnings per share for the current year.

Institutional Trading of Marriott International

Several hedge funds have recently added to or reduced their stakes in the business. Rockland Trust Co. raised its position in shares of Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the period. Manchester Capital Management LLC lifted its stake in Marriott International by 2.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after buying an additional 42 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Marriott International by 1.2% during the first quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock worth $927,000 after acquiring an additional 42 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after acquiring an additional 42 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after purchasing an additional 43 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.