Truist Financial Increases Marriott International (NASDAQ:MAR) Price Target to $283.00

Marriott International (NASDAQ:MAR) had its price target hoisted by equities researchers at Truist Financial from $278.00 to $283.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential downside of 4.97% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Morgan Stanley decreased their price target on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Barclays raised their price objective on shares of Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Wells Fargo & Company started coverage on shares of Marriott International in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 target price on the stock. BMO Capital Markets lifted their price target on Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Finally, Robert W. Baird cut their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $290.20.

Marriott International Stock Down 2.9%

Shares of Marriott International stock traded down $8.85 during trading hours on Thursday, hitting $297.81. 638,426 shares of the company’s stock traded hands, compared to its average volume of 1,618,197. Marriott International has a twelve month low of $205.40 and a twelve month high of $309.42. The stock has a 50 day simple moving average of $277.19 and a 200-day simple moving average of $270.70. The company has a market cap of $79.92 billion, a PE ratio of 31.46, a PEG ratio of 2.94 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. As a group, equities research analysts predict that Marriott International will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Deborah Marriott Harrison sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total value of $20,414,100.00. Following the sale, the insider directly owned 175,210 shares in the company, valued at $51,096,492.30. This trade represents a 28.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peggy Roe sold 2,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the transaction, the executive vice president directly owned 17,466 shares of the company’s stock, valued at approximately $5,102,167.92. The trade was a 10.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 86,672 shares of company stock worth $25,174,655. 10.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marriott International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Marriott International during the 3rd quarter valued at $28,000. AlphaQuest LLC grew its holdings in Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the period. Addison Advisors LLC bought a new stake in Marriott International in the second quarter worth about $34,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the 2nd quarter valued at about $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $38,000. Institutional investors own 70.70% of the company’s stock.

About Marriott International

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.