Marriott International (NASDAQ:MAR) Given New $300.00 Price Target at Bank of America

Marriott International (NASDAQ:MAR) had its price target upped by Bank of America from $275.00 to $300.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 13.46% from the stock’s current price.

Several other analysts also recently weighed in on MAR. Morgan Stanley cut their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Truist Financial reduced their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Robert W. Baird set a $258.00 price target on Marriott International in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $253.16.

Marriott International Trading Down 0.4 %

NASDAQ MAR traded down $1.18 during trading hours on Monday, reaching $264.42. The company’s stock had a trading volume of 313,740 shares, compared to its average volume of 1,473,868. The stock has a market cap of $75.52 billion, a PE ratio of 27.29, a PEG ratio of 6.15 and a beta of 1.59. The business has a 50-day simple moving average of $238.95 and a 200 day simple moving average of $238.33. Marriott International has a 52 week low of $180.75 and a 52 week high of $266.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (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 business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the firm posted $2.26 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Marriott International will post 9.37 EPS for the current year.

Institutional Trading of Marriott International

A number of hedge funds have recently bought and sold shares of MAR. Bangor Savings Bank boosted its stake in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the second quarter valued at $26,000. MFA Wealth Advisors LLC acquired a new position in Marriott International during the second quarter valued at $28,000. Annapolis Financial Services LLC acquired a new stake in Marriott International during the 1st quarter worth about $34,000. Finally, Unique Wealth Strategies LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at about $35,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.