Marriott International (NASDAQ:MAR) Given New $262.00 Price Target at Barclays

Key Points

• Barclays has reduced Marriott International's price target from $276.00 to $262.00, indicating a potential downside of 2.05% from its previous close.
• Marriott's latest quarterly earnings report showed an EPS of $2.65, meeting consensus estimates, while the company experienced a revenue increase of 4.7% year-over-year.
• The company's board has authorized a stock repurchase plan to buy back 25 million shares, reflecting confidence in the stock's value.

Marriott International (NASDAQ:MAR - Get Free Report) had its price target decreased by stock analysts at Barclays from $276.00 to $262.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential downside of 2.05% from the stock's previous close.

A number of other equities analysts also recently weighed in on the stock. Truist Financial lifted their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. BMO Capital Markets cut their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Robert W. Baird lifted their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $282.63.

Marriott International Price Performance

Marriott International stock traded up $1.08 during trading hours on Friday, hitting $267.48. The company had a trading volume of 210,263 shares, compared to its average volume of 1,628,787. The firm has a 50-day moving average of $265.54 and a 200 day moving average of $258.05. Marriott International has a one year low of $205.40 and a one year high of $307.52. The firm has a market cap of $72.61 billion, a PE ratio of 30.16, a PEG ratio of 2.58 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the business posted $2.50 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. As a group, research analysts expect that Marriott International will post 10.1 earnings per share for the current year.

Marriott International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC grew its holdings in shares of Marriott International by 2,750.0% in the second quarter. AlphaQuest LLC now owns 114 shares of the company's stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Addison Advisors LLC purchased a new stake in shares of Marriott International during the second quarter valued at about $34,000. Morse Asset Management Inc acquired a new stake in Marriott International in the 1st quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the 2nd quarter worth approximately $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Marriott International in the 2nd quarter worth approximately $38,000. 70.70% of the stock is currently owned by institutional investors.

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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