Robert W. Baird Forecasts Strong Price Appreciation for Marriott International (NASDAQ:MAR) Stock

Marriott International (NASDAQ:MAR - Get Free Report) had its price target upped by analysts at Robert W. Baird from $265.00 to $285.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's target price points to a potential upside of 4.93% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reduced their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. UBS Group cut their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Truist Financial cut their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $245.00 price target (down from $313.00) on shares of Marriott International in a report on Monday, April 14th. Finally, Stifel Nicolaus cut their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Thirteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Marriott International Price Performance

Shares of Marriott International stock traded down $2.00 during midday trading on Wednesday, hitting $271.60. The company had a trading volume of 1,562,518 shares, compared to its average volume of 1,588,439. Marriott International has a 1-year low of $204.55 and a 1-year high of $307.52. The business's 50 day simple moving average is $268.00 and its two-hundred day simple moving average is $262.48. The stock has a market cap of $74.39 billion, a PE ratio of 30.93, a P/E/G ratio of 3.39 and a beta of 1.41.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Marriott International will post 10.1 EPS for the current fiscal year.

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the transaction, the insider owned 5,706 shares of the company's stock, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Benjamin T. Breland sold 1,000 shares of the company'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 directly owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott International

Large investors have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after purchasing an additional 218 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Marriott International by 31.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company's stock worth $361,000 after purchasing an additional 309 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Marriott International by 3.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,606 shares of the company's stock worth $2,401,000 after purchasing an additional 285 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Marriott International by 7.1% during the 4th quarter. Parallel Advisors LLC now owns 2,719 shares of the company's stock worth $759,000 after purchasing an additional 180 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Marriott International by 18.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,917 shares of the company's stock worth $4,173,000 after purchasing an additional 2,273 shares in the last quarter. 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.