BMO Capital Markets Increases Marriott International (NASDAQ:MAR) Price Target to $255.00

Marriott International (NASDAQ:MAR) had its price target lifted by equities researchers at BMO Capital Markets from $240.00 to $255.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 1.09% from the stock’s previous close.

MAR has been the topic of several other reports. Robert W. Baird set a $258.00 price target on shares of Marriott International in a report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $256.39.

Marriott International Stock Performance

NASDAQ MAR opened at $257.82 on Tuesday. The firm’s 50 day moving average price is $241.75 and its two-hundred day moving average price is $238.66. The stock has a market cap of $73.64 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 6.15 and a beta of 1.59. Marriott International has a twelve month low of $180.75 and a twelve month high of $266.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Marriott International will post 9.37 EPS for the current fiscal year.

Institutional Trading of Marriott International

A number of hedge funds have recently bought and sold shares of MAR. BDF Gestion bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $3,013,000. CWM LLC increased its holdings in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Marriott International during the 2nd quarter worth about $3,844,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Marriott International by 1.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock valued at $9,611,000 after acquiring an additional 753 shares in the last quarter. Finally, Concord Investment Counsel Inc. acquired a new position in Marriott International in the first quarter worth about $5,879,000. 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.