Marriott International (NASDAQ:MAR) PT Raised to $261.00 at Wells Fargo & Company

Marriott International (NASDAQ:MAR) had its price target lifted by investment analysts at Wells Fargo & Company from $238.00 to $261.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 1.23% from the stock’s previous close.

MAR has been the topic of a number of other research reports. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Morgan Stanley lowered their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Barclays lifted their price target on Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $256.39.

Marriott International Stock Performance

NASDAQ:MAR opened at $257.82 on Tuesday. Marriott International has a 52 week low of $180.75 and a 52 week high of $266.58. The firm’s 50-day simple moving average is $241.75 and its 200 day simple moving average is $238.66. The firm has a market cap of $73.64 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 6.15 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 earnings per share. Sell-side analysts anticipate that Marriott International will post 9.37 EPS for the current year.

Institutional Investors Weigh In On Marriott International

Hedge funds have recently added to or reduced their stakes in the company. Bangor Savings Bank grew its position in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International in the 2nd quarter valued at about $28,000. Annapolis Financial Services LLC purchased a new position in Marriott International in the 1st quarter worth approximately $34,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds 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.