Marriott International (NASDAQ:MAR) Given New $293.00 Price Target at Mizuho

Marriott International (NASDAQ:MAR) had its price target upped by Mizuho from $246.00 to $293.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 1.74% from the company’s current price.

Other analysts have also issued research reports about the company. Barclays lowered their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday. Bank of America raised their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. BMO Capital Markets raised their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein raised their price objective on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $278.55.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $288.00 on Wednesday. The firm has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57. The business’s 50-day simple moving average is $284.30 and its 200-day simple moving average is $261.51. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. As a group, equities research analysts forecast that Marriott International will post 9.26 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction 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 completion of the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.07% of the company’s stock.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after acquiring an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Marriott International by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after acquiring an additional 46,563 shares during the period. National Pension Service grew its stake in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after acquiring an additional 74,832 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after purchasing an additional 47,551 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Marriott International in the fourth quarter valued at about $165,162,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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.