Marriott International (NASDAQ:MAR - Get Free Report) had its target price lowered by research analysts at Wells Fargo & Company from $285.00 to $277.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential downside of 3.18% from the company's previous close.
Several other research firms have also issued reports on MAR. Jefferies Financial Group upped their target price on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Mizuho lifted their price target on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Argus upped their price objective on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $284.05.
Check Out Our Latest Analysis on MAR
Marriott International Price Performance
Shares of Marriott International stock traded down $1.47 during midday trading on Tuesday, hitting $286.09. 480,965 shares of the company were exchanged, compared to its average volume of 1,534,173. The firm has a market cap of $78.88 billion, a P/E ratio of 34.37, a PEG ratio of 3.43 and a beta of 1.57. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a 50 day simple moving average of $283.98 and a 200-day simple moving average of $264.13.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results 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 9.46% and a negative return on equity of 116.67%. Equities research analysts expect that Marriott International will post 10.1 earnings per share for the current year.
Insiders Place Their Bets
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 value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.32% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MAR. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International in the fourth quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International during the 4th quarter worth $25,000. Bell Investment Advisors Inc lifted its holdings in Marriott International by 112.2% in the fourth 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 position in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares during the period. Finally, Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter worth about $31,000. 70.70% of the stock is owned by institutional investors and hedge funds.
About Marriott International
(
Get Free Report)
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.
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