Marriott International (NASDAQ:MAR) Given New $293.00 Price Target at Mizuho

Marriott International (NASDAQ:MAR) had its price objective lifted by equities researchers at Mizuho from $246.00 to $293.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential upside of 1.74% from the company’s previous close.

MAR has been the topic of several other research reports. Barclays dropped their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Bank of America boosted their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Macquarie reissued a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Robert W. Baird upped their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $278.55.

Marriott International Price Performance

Shares of Marriott International stock opened at $288.00 on Wednesday. Marriott International has a one year low of $204.55 and a one year high of $307.52. The firm has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The stock’s 50-day moving average is $284.30 and its 200-day moving average is $261.51.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (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%. On average, equities analysts expect that Marriott International will post 9.26 EPS for the current year.

Insiders Place Their Bets

In other news, insider William P. Brown sold 1,707 shares of the 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 in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.07% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Marriott International by 7.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 388,037 shares of the company’s stock worth $106,819,000 after purchasing an additional 27,854 shares during the last quarter. Korea Investment CORP raised its position in Marriott International by 51.1% during the 4th quarter. Korea Investment CORP now owns 137,952 shares of the company’s stock worth $38,480,000 after purchasing an additional 46,652 shares during the last quarter. Graney & King LLC bought a new position in Marriott International during the 4th quarter worth $82,000. Parametrica Management Ltd bought a new position in Marriott International during the 4th quarter worth $337,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in Marriott International by 521.4% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 1,740 shares of the company’s stock worth $488,000 after acquiring an additional 1,460 shares during the period. 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.