JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Marriott International (NASDAQ:MAR) Stock

Marriott International (NASDAQ:MARGet Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from $294.00 to $323.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 0.48% from the company’s current price.

A number of other research analysts also recently issued reports on MAR. Robert W. Baird decreased their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. BMO Capital Markets upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $285.00 to $370.00 in a research report on Friday, January 9th. Citigroup increased their target price on shares of Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Barclays lifted their target price on shares of Marriott International from $276.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 16th. Finally, Evercore ISI increased their price target on shares of Marriott International from $320.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $316.19.

View Our Latest Stock Report on Marriott International

Marriott International Stock Performance

NASDAQ:MAR opened at $324.56 on Tuesday. The stock has a market capitalization of $87.10 billion, a P/E ratio of 34.27, a PEG ratio of 2.49 and a beta of 1.13. The company has a 50 day moving average price of $312.17 and a 200 day moving average price of $284.83. Marriott International has a fifty-two week low of $205.40 and a fifty-two week high of $331.09.

Marriott International (NASDAQ:MARGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. Research analysts forecast that Marriott International will post 10.1 earnings per share for the current fiscal year.

Insider Transactions at Marriott International

In related news, EVP Peggy Roe sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $292.12, for a total transaction of $584,240.00. Following the transaction, the executive vice president directly owned 17,466 shares of the company’s stock, valued at approximately $5,102,167.92. The trade was a 10.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Deborah Marriott Harrison sold 70,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total transaction of $20,414,100.00. Following the completion of the transaction, the insider owned 175,210 shares of the company’s stock, valued at $51,096,492.30. This trade represents a 28.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 81,623 shares of company stock valued at $23,802,678 in the last three months. 10.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott International

Institutional investors have recently made changes to their positions in the business. Rachor Investment Advisory Services LLC bought a new position in Marriott International during the 4th quarter valued at $32,000. Triumph Capital Management acquired a new position in shares of Marriott International in the 3rd quarter valued at about $28,000. AlphaQuest LLC raised its position in shares of Marriott International by 2,750.0% during the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Addison Advisors LLC acquired a new position in shares of Marriott International during the second quarter valued at $34,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the second quarter valued at approximately $37,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Marriott International

Here are the key news stories impacting Marriott International this week:

About Marriott International

(Get Free Report)

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.

Further Reading

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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