Truist Financial Issues Positive Forecast for Marriott International (NASDAQ:MAR) Stock Price

Key Points

• Truist Financial has raised its price target for Marriott International from $273.00 to $278.00, suggesting a potential upside of 5.11% based on the stock's previous close.
• Marriott has shown a 4.7% increase in revenue year-over-year, reporting $6.74 billion for the latest quarter, while EPS matched analysts' expectations at $2.65.
• The company announced a stock repurchase program authorizing the buyback of 25 million shares, signaling confidence in its perceived stock undervaluation.

Marriott International (NASDAQ:MAR - Get Free Report) had its price target lifted by stock analysts at Truist Financial from $273.00 to $278.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's target price would suggest a potential upside of 5.11% from the stock's previous close.

Several other research firms have also recently commented on MAR. JPMorgan Chase & Co. assumed coverage on Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price for the company. Mizuho dropped their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Robert W. Baird raised their target price on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, UBS Group reduced their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $281.26.

Marriott International Stock Down 1.3%

MAR stock opened at $264.48 on Wednesday. The business has a 50 day moving average price of $270.39 and a two-hundred day moving average price of $258.56. The company has a market cap of $71.80 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 2.64 and a beta of 1.38. Marriott International has a twelve month low of $205.40 and a twelve month 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 the consensus estimate of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, equities research analysts anticipate that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International announced that its board has authorized a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the sale, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott International

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after purchasing an additional 218 shares during the period. Benjamin Edwards Inc. raised its holdings in Marriott International by 1.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,540 shares of the company's stock worth $1,546,000 after purchasing an additional 54 shares during the period. Baird Financial Group Inc. increased its stake in Marriott International by 2.9% in the 4th quarter. Baird Financial Group Inc. now owns 46,675 shares of the company's stock worth $13,020,000 after buying an additional 1,306 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Marriott International in the 4th quarter worth $3,036,000. Finally, Captrust Financial Advisors increased its stake in Marriott International by 3.4% in the 4th quarter. Captrust Financial Advisors now owns 58,888 shares of the company's stock worth $16,426,000 after buying an additional 1,949 shares in the last quarter. 70.70% of the stock is 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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