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

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

Several other equities research analysts have also recently weighed in on MAR. Bank of America increased their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Truist Financial raised their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group lifted 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. Sanford C. Bernstein raised their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $272.15.

Marriott International Price Performance

Shares of MAR stock traded up $1.47 during trading hours on Thursday, reaching $277.52. The company had a trading volume of 540,207 shares, compared to its average volume of 1,183,812. The business has a fifty day simple moving average of $282.64 and a 200-day simple moving average of $255.36. The company has a market cap of $77.12 billion, a price-to-earnings 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 earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. On average, equities research analysts expect that Marriott International will post 9.25 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, 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 over the last quarter. Corporate insiders own 10.07% of the company’s stock.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently modified their holdings of MAR. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter worth about $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $33,000. Cyrus J. Lawrence LLC purchased a new stake in Marriott International in the 2nd quarter worth approximately $36,000. ORG Partners LLC raised its holdings in shares of 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 position in shares of Marriott International during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

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.