1 week Ago By ABMN Staff
Marriott International ( NASDAQ:MAR – Get Free Report ) had its price target increased by investment analysts at Jefferies Financial Group from $251.00 to $295.00 in a research note issued on Thursday, Benzinga reports.
The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 7.16% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. BMO Capital Markets upped their price target 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. Stifel Nicolaus increased their target price on Marriott International from $252.00 to $283.
00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.
00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on shares of Marriott International from $280.00 to $314.
00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Sanford C. Bernstein upped their target price on shares of Marriott International from $262.
00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $269.65.
Get Our Latest Stock Report on Marriott International Marriott International Stock Performance Marriott International ( NASDAQ:MAR – Get Free Report ) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.
31 by ($0.05). Marriott International had a negative return on equity of 177.
91% and a net margin of 11.18%. The company had revenue of $6.
26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company earned $2.
11 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year.
Research analysts predict that Marriott International will post 9.26 EPS for the current fiscal year. Insider Activity at Marriott International In other news, insider William P.
Brown sold 1,707 shares of the company’s stock in a transaction 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 represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.
68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32.
This trade represents a 14.04 % decrease in their position. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by company insiders.
Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of MAR. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the third quarter worth $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International during the 3rd quarter worth about $33,000.
Cyrus J. Lawrence LLC purchased a new position in Marriott International during the 2nd quarter valued at about $36,000. Kathleen S.
Wright Associates Inc. bought a new stake in shares of Marriott International during the third quarter valued at about $40,000. Finally, Kimelman & Baird LLC bought a new position in shares of Marriott International in the second quarter valued at approximately $41,000.
70.70% of the stock is currently owned by hedge funds and other institutional investors. About Marriott International ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.
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