Sanford C. Bernstein Issues Positive Forecast for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR - Get Free Report) had its price objective hoisted by equities research analysts at Sanford C. Bernstein from $262.00 to $290.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Sanford C. Bernstein's price objective would indicate a potential upside of 11.68% from the company's current price.

MAR has been the topic of a number of other reports. TD Cowen lowered their price target on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating on the stock in a report on Tuesday. Bank of America lifted their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Macquarie reiterated a "neutral" rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday. Robert W. Baird lifted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Hold" and a consensus price target of $259.00.

Marriott International Stock Performance

Marriott International stock traded up $3.23 during midday trading on Tuesday, hitting $259.66. 1,585,647 shares of the company's stock were exchanged, compared to its average volume of 1,470,697. Marriott International has a 12 month low of $189.34 and a 12 month high of $266.58. The firm has a 50-day moving average of $248.41 and a two-hundred day moving average of $239.43. The company has a market cap of $73.10 billion, a PE ratio of 25.97, a P/E/G ratio of 6.24 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company earned $2.11 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Marriott International will post 9.37 earnings per share for the current year.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently added to or reduced their stakes in MAR. Norden Group LLC acquired a new stake in Marriott International during the 1st quarter worth $524,000. Quent Capital LLC boosted its position in shares of Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company's stock valued at $162,000 after acquiring an additional 47 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Marriott International during the 1st quarter valued at about $103,000. Signaturefd LLC boosted its position in shares of Marriott International by 9.3% during the 1st quarter. Signaturefd LLC now owns 6,433 shares of the company's stock valued at $1,623,000 after acquiring an additional 550 shares during the last quarter. Finally, Csenge Advisory Group boosted its position in shares of Marriott International by 3.3% during the 1st quarter. Csenge Advisory Group now owns 1,599 shares of the company's stock valued at $404,000 after acquiring an additional 51 shares during 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, City Express by Marriott, and St.