Barclays Issues Pessimistic Forecast for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR - Get Free Report) had its price objective reduced by Barclays from $287.00 to $283.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price suggests a potential downside of 0.18% from the company's previous close.

Several other analysts have also commented on the stock. Macquarie reissued a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Sanford C. Bernstein increased their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $284.45.

Remove Ads

Marriott International Stock Down 1.6 %

NASDAQ:MAR traded down $4.72 during mid-day trading on Wednesday, reaching $283.52. The company's stock had a trading volume of 1,659,747 shares, compared to its average volume of 1,393,102. Marriott International has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a fifty day moving average of $284.12 and a 200-day moving average of $262.57. The firm has a market capitalization of $78.79 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping 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%. On average, analysts expect that Marriott International will post 9.26 earnings per share for the current year.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.32% of the company's stock.

Institutional Investors Weigh In On Marriott International

Institutional investors have recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. acquired a new stake in Marriott International in the 4th quarter valued at $25,000. Bernard Wealth Management Corp. acquired a new stake in Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc grew its stake in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 55 shares during the period. Sound Income Strategies LLC grew its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after acquiring an additional 89 shares during the period. Finally, Silvant Capital Management LLC acquired a new stake in Marriott International during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 70.70% of the company's stock.

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.