Marriott International (NASDAQ:MAR) Given New $240.00 Price Target at Barclays

Marriott International (NASDAQ:MAR) had its price objective raised by 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 target price suggests a potential upside of 1.27% from the stock’s previous close.

Several other brokerages have also issued reports on MAR. Robert W. Baird cut their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Truist Financial upped their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Argus boosted their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Jefferies Financial Group raised their price target on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets increased their price objective on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $236.88.

Marriott International Trading Up 0.3 %

MAR stock traded up $0.70 during mid-day trading on Friday, reaching $237.00. The company’s stock had a trading volume of 345,140 shares, compared to its average volume of 1,430,506. The company has a market cap of $68.49 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.62. Marriott International has a 12 month low of $162.77 and a 12 month high of $260.57. The business’s 50 day moving average price is $248.53 and its 200 day moving average price is $225.12.

Marriott International (NASDAQ:MAR) last released its 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 for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company earned $1.96 EPS. Marriott International’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts expect that Marriott International will post 9.46 EPS for the current fiscal year.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 3,563 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,003 shares of company stock worth $30,435,493. 12.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott International

A number of institutional investors and hedge funds have recently bought and sold shares of MAR. OFI Invest Asset Management purchased a new stake in shares of Marriott International in the 3rd quarter valued at $25,000. Resurgent Financial Advisors LLC bought a new stake in Marriott International in the fourth quarter worth $25,000. Roble Belko & Company Inc grew its stake in shares of Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Marriott International in the 4th quarter valued at about $28,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Marriott International during the 4th quarter worth approximately $28,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

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