Marriott International (NASDAQ:MAR) Price Target Cut to $296.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has reduced its price target for Marriott International from $302.00 to $296.00, while maintaining an "overweight" rating, indicating potential upside of 8.62% from the current share price.
• The consensus rating for Marriott International among analysts is a "Moderate Buy", with a consensus price target of $283.17, despite varying evaluations from other brokerages.
• Marriott's stock has seen a 1.5% increase, trading at $272.52, and has experienced a 52-week range between $205.40 and $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) had its target price dropped by investment analysts at Morgan Stanley from $302.00 to $296.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's target price points to a potential upside of 8.62% from the company's previous close.

A number of other brokerages have also weighed in on MAR. Barclays decreased their price target on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a report on Friday, October 3rd. Robert W. Baird cut their target price on shares of Marriott International from $287.00 to $285.00 and set a "neutral" rating on the stock in a research note on Tuesday. BMO Capital Markets cut their target price on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Truist Financial raised their target price on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Marriott International in a research note on Wednesday, October 8th. Two equities 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, Marriott International has a consensus rating of "Moderate Buy" and a consensus price target of $283.17.

Marriott International Stock Up 1.5%

Shares of MAR traded up $4.09 during mid-day trading on Wednesday, reaching $272.52. 924,959 shares of the company's stock were exchanged, compared to its average volume of 1,631,414. The company has a 50-day simple moving average of $265.63 and a two-hundred day simple moving average of $260.54. Marriott International has a 52-week low of $205.40 and a 52-week high of $307.52. The company has a market cap of $73.98 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.56 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm 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 earned $2.50 earnings per share. Marriott International's revenue was up 4.7% compared to the same quarter last year. 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, equities research analysts predict that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International announced that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Marriott International

Large investors have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its position in Marriott International by 9.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company's stock worth $15,005,000 after buying an additional 5,482 shares during the period. Permanens Capital L.P. grew its stake in Marriott International by 15.6% during the 1st quarter. Permanens Capital L.P. now owns 15,396 shares of the company's stock valued at $3,667,000 after purchasing an additional 2,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Marriott International by 3.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company's stock worth $52,389,000 after acquiring an additional 8,149 shares in the last quarter. Swedbank AB lifted its holdings in shares of Marriott International by 1.3% in the 1st quarter. Swedbank AB now owns 68,429 shares of the company's stock worth $16,300,000 after purchasing an additional 881 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Marriott International by 11.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock worth $3,202,000 after purchasing an additional 1,432 shares during the last quarter. Hedge funds and other institutional investors 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.

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