Mizuho Forecasts Strong Price Appreciation for Marriott International (NASDAQ:MAR) Stock

Marriott International (NASDAQ:MAR) had its price target upped by investment analysts at Mizuho from $233.00 to $246.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential downside of 5.33% from the company’s current price.

Several other research analysts also recently issued reports on MAR. Deutsche Bank Aktiengesellschaft cut their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. The Goldman Sachs Group started coverage on Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective for the company. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday. TD Cowen lowered their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Sanford C. Bernstein lifted their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $259.00.

Marriott International Price Performance

Shares of MAR stock traded up $3.41 during midday trading on Tuesday, reaching $259.84. 627,887 shares of the company traded hands, compared to its average volume of 1,466,135. The firm’s 50 day simple moving average is $247.77 and its two-hundred day simple moving average is $239.27. Marriott International has a 1-year low of $189.34 and a 1-year high of $266.58. The firm has a market cap of $73.15 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 6.24 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. Marriott International’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Marriott International will post 9.37 earnings per share for the current fiscal year.

Institutional Trading of Marriott International

Institutional investors have recently added to or reduced their stakes in the business. Bangor Savings Bank lifted its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC bought a new position in Marriott International in the 3rd quarter worth about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International in the 2nd quarter worth about $35,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

About Marriott International

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.