Marriott International (NASDAQ:MAR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Marriott International (NASDAQ:MAR) had its price objective lifted by equities research analysts at Stifel Nicolaus from $252.00 to $283.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 0.91% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Barclays upped their target price on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Truist Financial cut their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. UBS Group cut their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, BMO Capital Markets boosted their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Marriott International has a consensus rating of “Hold” and an average target price of $260.20.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $285.60 on Tuesday. The business’s 50 day simple moving average is $264.98 and its 200-day simple moving average is $244.43. The firm has a market capitalization of $79.37 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 5.67 and a beta of 1.58. Marriott International has a 12 month low of $200.94 and a 12 month high of $289.80.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the firm earned $2.11 EPS. Marriott International’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International will post 9.26 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,815 shares of company stock valued at $3,919,739. Company insiders own 10.07% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after buying an additional 37 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares during the last quarter. Haverford Trust Co lifted its position in shares of Marriott International by 1.0% during the third quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after purchasing an additional 40 shares during the last quarter. Rockland Trust Co. lifted its position in shares of Marriott International by 2.3% during the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other 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, City Express by Marriott, and St.