Marriott International (NASDAQ:MAR) Given New $240.00 Price Target at BMO Capital Markets

Marriott International (NASDAQ:MAR) had its price target upped by equities research analysts at BMO Capital Markets from $235.00 to $240.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 2.31% from the company’s current price.

A number of other equities analysts have also recently commented on MAR. Robert W. Baird lifted their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company boosted their target price on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Barclays raised their price target on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. UBS Group upped their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Truist Financial boosted their target price on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $241.33.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $0.97 during mid-day trading on Thursday, hitting $234.59. 1,572,856 shares of the company’s stock traded hands, compared to its average volume of 1,539,790. The company has a market capitalization of $67.00 billion, a P/E ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61. Marriott International has a 1 year low of $165.13 and a 1 year high of $260.57. The company’s 50-day moving average is $247.40 and its two-hundred day moving average is $228.39.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 EPS. Equities analysts anticipate that Marriott International will post 9.49 EPS for the current fiscal year.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Rena Hozore Reiss sold 3,563 shares of the business’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 owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Hippeau sold 2,600 shares of Marriott International stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total transaction of $617,240.00. Following the completion of the sale, the director now owns 1,472 shares of the company’s stock, valued at $349,452.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Marriott International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its position in Marriott International by 26.5% during the 1st quarter. McClarren Financial Advisors Inc. now owns 253 shares of the company’s stock worth $64,000 after buying an additional 53 shares during the last quarter. Paulson Wealth Management Inc. purchased a new position in shares of Marriott International during the first quarter worth $201,000. Csenge Advisory Group lifted its position in Marriott International by 3.3% during the first quarter. Csenge Advisory Group now owns 1,599 shares of the company’s stock valued at $404,000 after purchasing an additional 51 shares during the period. Signaturefd LLC grew its position in Marriott International by 9.3% during the 1st quarter. Signaturefd LLC now owns 6,433 shares of the company’s stock worth $1,623,000 after purchasing an additional 550 shares during the period. Finally, Markel Group Inc. purchased a new position in shares of Marriott International during the 1st quarter valued at about $2,271,000. Institutional investors and hedge funds 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.