Marriott International (NASDAQ:MAR) Rating Increased to Outperform at Evercore ISI

Marriott International (NASDAQ:MARGet Free Report) was upgraded by investment analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Tuesday,Finviz reports. The brokerage presently has a $330.00 price target on the stock. Evercore ISI’s price objective would suggest a potential upside of 13.61% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Argus upped their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein raised their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Finally, Barclays boosted their price target on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $275.15.

View Our Latest Stock Analysis on Marriott International

Marriott International Stock Down 0.0 %

Shares of Marriott International stock opened at $290.46 on Tuesday. The business has a 50-day moving average price of $283.06 and a 200 day moving average price of $259.10. The firm has a market cap of $80.72 billion, a P/E ratio of 30.38, a P/E/G ratio of 4.68 and a beta of 1.57. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MARGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share 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 business 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 business earned $2.11 earnings per share. Marriott International’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Marriott International will post 9.26 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 10.07% of the company’s stock.

Institutional Trading of Marriott International

Several hedge funds and other institutional investors have recently made changes to their positions in MAR. Sound Income Strategies LLC boosted its holdings in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the 4th quarter worth $33,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter valued at about $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International during the third quarter worth about $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Marriott International in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

(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.

Further Reading

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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