Marriott International (NASDAQ:MAR) Price Target Raised to $330.00

Marriott International (NASDAQ:MAR) had its price target lifted by stock analysts at Argus from $300.00 to $330.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Argus’ target price would suggest a potential upside of 18.91% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays boosted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. TD Cowen decreased their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Sanford C. Bernstein upped their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. BMO Capital Markets upped their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $272.15.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded up $1.47 during midday trading on Thursday, reaching $277.52. 540,207 shares of the company’s stock were exchanged, compared to its average volume of 1,183,812. The company’s 50 day simple moving average is $282.64 and its two-hundred day simple moving average is $255.36. The firm has a market capitalization of $77.12 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 4.48 and a beta of 1.57. Marriott International has a 12 month low of $204.55 and a 12 month high of $295.45.

Marriott International (NASDAQ:MAR) last announced its quarterly 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 net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Marriott International will post 9.25 earnings per share for the current year.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last quarter. Insiders own 10.07% of the company’s stock.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently bought and sold shares of MAR. Silvant Capital Management LLC bought a new stake in Marriott International during the 3rd quarter valued at about $31,000. Darwin Wealth Management LLC bought a new stake in Marriott International during the 3rd quarter valued at about $33,000. Cyrus J. Lawrence LLC bought a new stake in Marriott International during the 2nd quarter valued at about $36,000. ORG Partners LLC increased its stake in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Marriott International during the 3rd quarter valued at about $40,000. 70.70% of the stock is currently owned by institutional investors.

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.