Marriott International (NASDAQ:MAR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Marriott International (NASDAQ:MAR) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $251.00 to $269.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 6.30% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company increased their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Sanford C. Bernstein upped their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets increased their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $266.25.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $287.08 on Friday. The firm has a market capitalization of $79.78 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 5.56 and a beta of 1.58. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $295.45. The stock’s 50-day simple moving average is $274.76 and its 200-day simple moving average is $248.79.

Marriott International (NASDAQ:MAR) last announced its quarterly 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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the firm earned $2.11 earnings per share. Marriott International’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 in the last ninety days. 12.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Marriott International

A number of hedge funds have recently added to or reduced their stakes in MAR. PointState Capital LP acquired a new stake in shares of Marriott International in the 3rd quarter worth about $98,249,000. Canoe Financial LP acquired a new stake in shares of Marriott International in the third quarter valued at approximately $77,331,000. International Assets Investment Management LLC raised its holdings in shares of Marriott International by 15,148.3% during the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after buying an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Marriott International by 36,856.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after buying an additional 240,674 shares during the period. Finally, AXA S.A. grew its holdings in Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after buying an additional 126,323 shares in the last quarter. 70.70% of the stock is currently 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, City Express by Marriott, and St.