Marriott International (NASDAQ:MAR) Price Target Increased to $240.00 by Analysts at Barclays

Marriott International (NASDAQ:MAR) had its target price raised by investment analysts at Barclays from $239.00 to $240.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 1.27% from the company’s previous close.

Several other analysts have also recently commented on MAR. UBS Group lifted their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Jefferies Financial Group lifted their target price on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo & Company lifted their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Argus lifted their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Robert W. Baird lowered their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $236.88.

Marriott International Stock Performance

NASDAQ:MAR traded up $0.70 during mid-day trading on Friday, reaching $237.00. The stock had a trading volume of 345,140 shares, compared to its average volume of 1,430,506. The business has a 50 day simple moving average of $248.53 and a 200 day simple moving average of $225.12. Marriott International has a twelve month low of $162.77 and a twelve month high of $260.57. The firm has a market capitalization of $68.49 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.73 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm earned $1.96 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International will post 9.46 earnings per share for the current year.

Insiders Place Their Bets

In other Marriott International news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the transaction, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the completion of the sale, the director now directly owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,003 shares of company stock worth $30,435,493. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $25,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at approximately $25,000. Roble Belko & Company Inc lifted its position in shares of Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in Marriott International in the 4th quarter valued at approximately $28,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in Marriott International in the 4th quarter valued at approximately $28,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.