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

Marriott International (NASDAQ:MAR) had its price target raised by Mizuho from $246.00 to $293.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

MAR has been the subject of a number of other research reports. Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Barclays cut their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company raised their price objective on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Bank of America lifted their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $284.45.

Marriott International Stock Performance

NASDAQ MAR opened at $290.45 on Wednesday. Marriott International has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a 50-day simple moving average of $284.37 and a 200 day simple moving average of $261.87. The company has a market capitalization of $80.71 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

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

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Hedge funds have recently modified their holdings of the business. Hopwood Financial Services Inc. bought a new stake in shares of Marriott International during the 4th quarter valued at $25,000. Bell Investment Advisors Inc boosted its stake in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Marriott International in the 4th quarter worth about $33,000. Finally, Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter worth about $31,000. Institutional investors 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.