Marriott International’s (MAR) “Neutral” Rating Reaffirmed at Macquarie

Macquarie reissued their neutral rating on shares of Marriott International (NASDAQ:MAR) in a research report report published on Tuesday morning, Benzinga reports. They currently have a $245.00 target price on the stock.

A number of other analysts have also issued reports on MAR. Evercore ISI boosted their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Robert W. Baird upped their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $259.00.

Marriott International Trading Up 1.3 %

Shares of MAR opened at $259.66 on Tuesday. The company’s fifty day simple moving average is $248.41 and its 200-day simple moving average is $239.43. The company has a market cap of $73.10 billion, a P/E ratio of 25.97, a P/E/G ratio of 6.24 and a beta of 1.58. Marriott International has a twelve month low of $189.34 and a twelve month high of $266.58.

Marriott International (NASDAQ:MAR) last announced 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 net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the firm earned $2.11 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts predict that Marriott International will post 9.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marriott International

A number of large investors have recently modified their holdings of MAR. JPMorgan Chase & Co. raised its stake in Marriott International by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock worth $2,678,750,000 after acquiring an additional 192,652 shares during the last quarter. Capital International Investors lifted its holdings in shares of Marriott International by 4.7% during the first quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after purchasing an additional 149,378 shares during the period. National Pension Service boosted its position in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after buying an additional 74,832 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Marriott International by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after buying an additional 33,149 shares during the last quarter. Finally, First Pacific Advisors LP lifted its stake in Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock valued at $148,255,000 after acquiring an additional 12,499 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.