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

Marriott International (NASDAQ:MAR) had its target price reduced by Robert W. Baird from $287.00 to $285.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 4.75% from the stock’s previous close.

MAR has been the topic of several other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Barclays decreased their price target on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. JPMorgan Chase & Co. assumed coverage on Marriott International in a report on Monday, June 23rd. They set a “neutral” rating and a $284.00 price target on the stock. Truist Financial increased their price target on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Finally, BMO Capital Markets decreased their price target on Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $283.17.

Marriott International Price Performance

Shares of MAR opened at $272.07 on Tuesday. The stock has a market capitalization of $73.86 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.64 and a beta of 1.35. Marriott International has a 1 year low of $205.40 and a 1 year high of $307.52. The business’s 50 day simple moving average is $265.67 and its 200-day simple moving average is $260.62.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior 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. On average, sell-side analysts expect that Marriott International will post 10.1 earnings per share for the current year.

Marriott International announced that its board has authorized a share repurchase program on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Marriott International

Hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaQuest LLC grew its position in shares of Marriott International by 2,750.0% during the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after buying an additional 110 shares in the last quarter. Addison Advisors LLC bought a new position in shares of Marriott International during the 2nd quarter worth $34,000. Morse Asset Management Inc bought a new position in shares of Marriott International during the 1st quarter worth $30,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the 2nd quarter worth $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Marriott International during the 2nd quarter worth $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.