Erste Group Bank Initiates Coverage on Marriott International (NASDAQ:MAR)

Key Points

• Erste Group Bank initiated coverage of Marriott International with a “buy” rating. Across analysts, the stock carries a “Moderate Buy” consensus rating and an average price target of $385.65.
• Marriott shares traded at $357.13, with a market capitalization of approximately $93.13 billion and a 12-month range of $256.76 to $410.98.
• Marriott exceeded quarterly EPS expectations, reporting $3.19 versus the $3.08 consensus estimate, while revenue rose 4.8% year over year. Institutional investors own approximately 70.7% of the company.

Equities research analysts at Erste Group Bank initiated coverage on shares of Marriott International (NASDAQ:MAR - Get Free Report) in a research note issued to investors on Thursday. The brokerage set a "buy" rating on the stock.

MAR has been the topic of a number of other reports. Truist Financial boosted their target price on Marriott International from $350.00 to $356.00 and gave the stock a "hold" rating in a research report on Tuesday, May 26th. Barclays decreased their target price on shares of Marriott International from $379.00 to $348.00 and set an "equal weight" rating for the company in a report on Tuesday, August 4th. Robert W. Baird lowered their price objective on shares of Marriott International from $394.00 to $393.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on Marriott International from $387.00 to $400.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Finally, CICC Research started coverage on shares of Marriott International in a report on Wednesday, August 12th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $385.65.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $1.54 on Thursday, hitting $357.13. The company's stock had a trading volume of 369,038 shares, compared to its average volume of 1,570,648. The company has a market capitalization of $93.13 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.10. Marriott International has a 12 month low of $256.76 and a 12 month high of $410.98. The stock's 50-day moving average is $368.15 and its two-hundred day moving average is $358.85.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the firm posted $2.65 EPS. Marriott International's revenue was up 4.8% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. Equities analysts expect that Marriott International will post 11.71 earnings per share for the current fiscal year.

Institutional Trading of Marriott International

A number of institutional investors have recently made changes to their positions in MAR. HighTower Advisors LLC grew its stake in shares of Marriott International by 20.6% in the second quarter. HighTower Advisors LLC now owns 99,585 shares of the company's stock valued at $36,905,000 after buying an additional 17,004 shares in the last quarter. Groupe la Francaise increased its stake in Marriott International by 14.4% in the second quarter. Groupe la Francaise now owns 2,749 shares of the company's stock valued at $1,020,000 after acquiring an additional 346 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Marriott International by 43,255.9% during the second quarter. California State Teachers Retirement System now owns 114,540,104 shares of the company's stock worth $42,447,417,000 after buying an additional 114,275,918 shares in the last quarter. Tanager Wealth Management LLP lifted its stake in shares of Marriott International by 5.7% in the 2nd quarter. Tanager Wealth Management LLP now owns 1,642 shares of the company's stock valued at $609,000 after purchasing an additional 88 shares during the period. Finally, Ameritas Advisory Services LLC increased its holdings in Marriott International by 251.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,466 shares of the company's stock worth $1,655,000 after purchasing an additional 3,196 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Company Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company's brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.

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