Robert W. Baird Lowers Marriott International (NASDAQ:MAR) Price Target to $285.00

Key Points

• Robert W. Baird has lowered its price target for Marriott International (NASDAQ:MAR) from $287.00 to $285.00, maintaining a "neutral" rating, which suggests a potential upside of 9.62% from the stock's previous close.
• The company recently reported a quarterly EPS of $2.65 and revenue of $6.74 billion, slightly exceeding analyst expectations for revenue.
• Marriott's Board of Directors has approved a share repurchase program to buy back 25,000,000 outstanding shares, indicating confidence in the company's valuation.

Marriott International (NASDAQ:MAR - Get Free Report) had its price objective cut by equities research analysts at Robert W. Baird from $287.00 to $285.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 9.62% from the stock's previous close.

MAR has been the subject of a number of other research reports. BMO Capital Markets reduced their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a research note on Wednesday, October 8th. Barclays cut their target price on Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a research note on Friday, October 3rd. Finally, Truist Financial lifted their target price on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.56.

Marriott International Stock Down 0.3%

MAR stock opened at $260.00 on Tuesday. The company has a market capitalization of $70.58 billion, a PE ratio of 29.31, a P/E/G ratio of 2.57 and a beta of 1.35. The stock's 50 day moving average is $265.56 and its two-hundred day moving average is $260.49. Marriott International has a 52-week low of $205.40 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. 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, sell-side analysts anticipate that Marriott International will post 10.1 EPS for the current year.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Marriott International by 1.5% during the second quarter. Vanguard Group Inc. now owns 20,543,195 shares of the company's stock valued at $5,612,606,000 after buying an additional 306,717 shares during the period. State Street Corp increased its position in Marriott International by 1.2% in the 2nd quarter. State Street Corp now owns 9,488,566 shares of the company's stock worth $2,592,371,000 after purchasing an additional 114,973 shares during the last quarter. Wellington Management Group LLP increased its position in Marriott International by 16.4% in the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after purchasing an additional 766,309 shares during the last quarter. Geode Capital Management LLC increased its position in Marriott International by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,223,539 shares of the company's stock worth $1,420,308,000 after purchasing an additional 102,798 shares during the last quarter. Finally, Invesco Ltd. increased its position in Marriott International by 5.0% in the 2nd quarter. Invesco Ltd. now owns 4,330,656 shares of the company's stock worth $1,183,178,000 after purchasing an additional 206,820 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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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