Marriott International (NASDAQ:MAR) Given New $280.00 Price Target at BMO Capital Markets

Key Points

• Analysts at BMO Capital Markets have reduced Marriott International's price target from $285.00 to $280.00, maintaining a "market perform" rating, suggesting a potential upside of 7.80% from its current price.
• Despite the price target adjustment, the consensus rating for Marriott International remains a "Moderate Buy", with an average price target of $280.89 based on multiple analysts' reports.
• The company reported a net margin of 9.75% and revenue of $6.74 billion for the last quarter, exceeding analysts' expectations and demonstrating a year-over-year revenue increase of 4.7%.

Marriott International (NASDAQ:MAR - Get Free Report) had its target price cut by analysts at BMO Capital Markets from $285.00 to $280.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 7.80% from the company's current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group restated a "neutral" rating and set a $245.00 price target (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Robert W. Baird upped their target price on Marriott International from $265.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Melius Research raised Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. Mizuho lowered their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus lowered their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Twelve research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $280.89.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded up $0.03 during midday trading on Wednesday, hitting $259.75. 215,301 shares of the stock were exchanged, compared to its average volume of 1,723,570. The stock has a market capitalization of $71.15 billion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 2.48 and a beta of 1.44. The business's 50-day moving average price is $268.95 and its 200 day moving average price is $261.84. Marriott International has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The business had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Marriott International will post 10.1 EPS for the current year.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer directly owned 124,067 shares in the company, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the transaction, the executive vice president owned 20,724 shares in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,500 shares of company stock worth $4,107,710. Insiders own 10.68% of the company's stock.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Marriott International by 2.5% in the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after buying an additional 218 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Marriott International by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 189,810 shares of the company's stock valued at $52,946,000 after buying an additional 3,508 shares during the last quarter. FIL Ltd increased its holdings in Marriott International by 0.3% in the fourth quarter. FIL Ltd now owns 92,265 shares of the company's stock valued at $25,736,000 after buying an additional 289 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Marriott International by 368.6% in the fourth quarter. Renaissance Technologies LLC now owns 42,716 shares of the company's stock valued at $11,915,000 after buying an additional 33,600 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in Marriott International in the fourth quarter valued at $25,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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.

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