Truist Financial Boosts Marriott International (NASDAQ:MAR) Price Target to $94.00

Marriott International (NASDAQ:MAR) had its price objective increased by Truist Financial from $88.00 to $94.00 in a research report report published on Tuesday morning, The Fly reports. The brokerage currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. UBS Group reduced their price target on shares of Marriott International from $148.00 to $94.00 and set a neutral rating on the stock in a research note on Monday, May 4th. Deutsche Bank reduced their price target on shares of Marriott International from $124.00 to $88.00 and set a hold rating on the stock in a research note on Tuesday, May 12th. ValuEngine raised shares of Marriott International from a hold rating to a buy rating in a research note on Friday, July 3rd. Nomura Instinet raised their target price on shares of Marriott International from $123.00 to $148.00 and gave the company a buy rating in a research report on Tuesday, June 23rd. Finally, SunTrust Banks raised their target price on shares of Marriott International from $83.00 to $86.00 and gave the company a hold rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. Marriott International has an average rating of Hold and a consensus price target of $113.04.

Shares of MAR traded down $0.24 during midday trading on Tuesday, hitting $96.26. The stock had a trading volume of 83,440 shares, compared to its average volume of 4,990,179. The firm has a market cap of $32.24 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 49.84 and a beta of 1.56. Marriott International has a 1 year low of $46.56 and a 1 year high of $153.39. The stock’s 50 day moving average is $88.28 and its 200 day moving average is $98.14. The company has a debt-to-equity ratio of 15.43, a current ratio of 0.62 and a quick ratio of 0.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.23). The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Marriott International had a return on equity of 231.22% and a net margin of 4.50%. The company’s quarterly revenue was down 72.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. As a group, equities research analysts expect that Marriott International will post 0.31 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Marriott International by 158.6% during the 4th quarter. Macquarie Group Ltd. now owns 134,377 shares of the company’s stock worth $20,348,000 after buying an additional 82,413 shares during the last quarter. Ellevest Inc. raised its position in Marriott International by 75.8% during the 1st quarter. Ellevest Inc. now owns 464 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Gateway Investment Advisers LLC raised its position in Marriott International by 2.3% during the 1st quarter. Gateway Investment Advisers LLC now owns 37,847 shares of the company’s stock worth $2,831,000 after buying an additional 834 shares during the last quarter. Central Bank & Trust Co. raised its position in Marriott International by 19.1% during the 1st quarter. Central Bank & Trust Co. now owns 4,766 shares of the company’s stock worth $669,000 after buying an additional 764 shares during the last quarter. Finally, First Bank & Trust raised its position in Marriott International by 13.9% during the 1st quarter. First Bank & Trust now owns 1,909 shares of the company’s stock worth $143,000 after buying an additional 233 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

Read More: Cost of Debt

The Fly

Analyst Recommendations for Marriott International (NASDAQ:MAR)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.