JPMorgan Chase & Co. Boosts Marriott International (NASDAQ:MAR) Price Target to $255.00

Marriott International (NASDAQ:MAR) had its price objective raised by analysts at JPMorgan Chase & Co. from $235.00 to $255.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.89% from the company’s previous close.

Other research analysts have also issued research reports about the stock. BMO Capital Markets lifted their price objective on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Wells Fargo & Company lowered their price objective on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Susquehanna assumed coverage on shares of Marriott International in a report on Friday, June 21st. They set a “neutral” rating and a $255.00 target price on the stock. Robert W. Baird upped their price objective on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Barclays upped their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $243.59.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $0.98 during midday trading on Friday, reaching $243.11. 539,002 shares of the company’s stock were exchanged, compared to its average volume of 1,448,019. The company’s 50 day simple moving average is $238.74 and its two-hundred day simple moving average is $241.08. The firm has a market capitalization of $69.44 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 4.66 and a beta of 1.60. Marriott International has a 12 month low of $180.75 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.09 EPS. On average, research analysts anticipate that Marriott International will post 9.56 earnings per share for the current year.

Institutional Investors Weigh In On Marriott International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bangor Savings Bank boosted its position in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Roble Belko & Company Inc raised its stake in 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 purchasing an additional 93 shares during the last quarter. ORG Partners LLC grew its stake in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Marriott International during the first quarter worth approximately $29,000. Finally, Keener Financial Planning LLC acquired a new position in shares of Marriott International during the 4th quarter valued at about $30,000. 70.70% of the stock is 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.