Marriott International (NASDAQ:MAR) Price Target Cut to $283.00 by Analysts at TD Cowen

Marriott International (NASDAQ:MAR) had its target price lowered by analysts at TD Cowen from $295.00 to $283.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 8.99% from the stock’s current price.

Several other equities analysts also recently issued reports on MAR. Morgan Stanley decreased their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday. Truist Financial dropped their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company raised 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. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $259.00.

Marriott International Trading Up 1.3 %

Shares of Marriott International stock traded up $3.23 during trading hours on Tuesday, reaching $259.66. The stock had a trading volume of 650,576 shares, compared to its average volume of 1,466,241. Marriott International has a twelve month low of $189.34 and a twelve month high of $266.58. The firm has a market capitalization of $73.10 billion, a PE ratio of 25.98, a PEG ratio of 6.24 and a beta of 1.58. The stock’s 50 day moving average is $247.77 and its 200 day moving average is $239.27.

Marriott International (NASDAQ:MAR) last issued 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). The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.11 EPS. As a group, sell-side analysts predict that Marriott International will post 9.37 earnings per share for the current year.

Institutional Trading of Marriott International

Several institutional investors and hedge funds have recently bought and sold shares of MAR. Bangor Savings Bank raised its position in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International during the 2nd quarter valued at about $28,000. Silvant Capital Management LLC acquired a new position in Marriott International in the 3rd quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Marriott International during the second quarter worth about $35,000. 70.70% of the stock is currently owned by hedge funds and other 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.