Marriott International (NASDAQ:MAR) PT Raised to $270.00 at Evercore ISI

Marriott International (NASDAQ:MAR) had its price objective lifted by equities research analysts at Evercore ISI from $245.00 to $270.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target points to a potential upside of 1.69% from the company’s previous close.

Several other research firms also recently issued reports on MAR. UBS Group cut their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Barclays boosted their price objective on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Robert W. Baird set a $258.00 price objective on Marriott International in a report on Thursday, October 17th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $255.16.

Marriott International Stock Up 0.2 %

NASDAQ:MAR opened at $265.50 on Monday. Marriott International has a 52 week low of $180.75 and a 52 week high of $266.58. The company has a market capitalization of $75.83 billion, a P/E ratio of 27.40, a P/E/G ratio of 6.15 and a beta of 1.59. The stock’s fifty day moving average is $240.93 and its two-hundred day moving average is $238.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the previous year, the business earned $2.26 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Marriott International will post 9.37 earnings per share for the current fiscal year.

Institutional Trading of Marriott International

A number of large investors have recently made changes to their positions in MAR. Park Avenue Securities LLC boosted its position in shares of Marriott International by 26.2% in the 1st quarter. Park Avenue Securities LLC now owns 3,252 shares of the company’s stock valued at $820,000 after purchasing an additional 676 shares during the period. Parkside Investments LLC acquired a new stake in shares of Marriott International in the 1st quarter valued at about $505,000. Brookstone Capital Management boosted its position in shares of Marriott International by 131.8% in the 1st quarter. Brookstone Capital Management now owns 2,633 shares of the company’s stock valued at $664,000 after purchasing an additional 1,497 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Marriott International by 113.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,998 shares of the company’s stock valued at $9,839,000 after purchasing an additional 20,696 shares during the period. Finally, Kathmere Capital Management LLC boosted its position in shares of Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after purchasing an additional 42 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

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.