Marriott International (NASDAQ:MAR) Price Target Raised to $293.00 at Mizuho

Marriott International (NASDAQ:MAR) had its price target lifted by investment analysts at Mizuho from $246.00 to $293.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 1.65% from the company’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Jefferies Financial Group upped their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a report on Tuesday, February 4th. Finally, TD Cowen reduced their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $284.45.

Marriott International Stock Down 0.8 %

Shares of Marriott International stock opened at $288.24 on Wednesday. The company has a market cap of $80.10 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a 50 day moving average price of $284.38 and a 200-day moving average price of $262.07.

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

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value 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 $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently made changes to their positions in MAR. Norges Bank bought a new position in shares of Marriott International in the fourth quarter worth $580,922,000. Wellington Management Group LLP raised its position in shares of Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after buying an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth $165,162,000. Invesco Ltd. raised its position in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after buying an additional 512,963 shares in the last quarter. Finally, PointState Capital LP purchased a new stake in shares of Marriott International in the third quarter worth $98,249,000. 70.70% of the stock is owned by institutional investors.

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.