Truist Financial Boosts Marriott International (NASDAQ:MAR) Price Target to $360.00

Marriott International (NASDAQ:MAR) had its price objective hoisted by research analysts at Truist Financial from $356.00 to $360.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 9.01% from the stock’s current price.

Several other brokerages have also recently weighed in on MAR. CICC Research began coverage on shares of Marriott International in a research note on Wednesday, August 12th. They set an “outperform” rating on the stock. BMO Capital Markets decreased their target price on Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Stifel Nicolaus boosted their price target on Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a report on Friday, July 17th. Wolfe Research assumed coverage on Marriott International in a research report on Wednesday, September 2nd. They issued a “hold” rating for the company. Finally, Robert W. Baird lowered their price objective on Marriott International from $394.00 to $393.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $385.88.

Marriott International Stock Performance

Shares of MAR stock traded down $1.28 on Thursday, reaching $330.24. The stock had a trading volume of 442,130 shares, compared to its average volume of 1,568,801. The stock has a market cap of $86.12 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. Marriott International has a 1 year low of $256.76 and a 1 year high of $410.98. The company has a 50 day simple moving average of $359.48 and a 200 day simple moving average of $357.95.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.11. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.Marriott International’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 earnings per share. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. On average, equities research analysts anticipate that Marriott International will post 11.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marriott International

A number of hedge funds have recently made changes to their positions in MAR. Evelyn Partners Investment Management Services Ltd bought a new stake in Marriott International during the 1st quarter valued at approximately $25,000. IMG Wealth Management Inc. grew its holdings in Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 41 shares in the last quarter. Wilkerson Advisory Group LLC raised its position in shares of Marriott International by 127.0% during the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Marriott International during the fourth quarter worth $27,000. Finally, McMillan Office Inc. purchased a new position in Marriott International during the fourth quarter valued at $27,000. Institutional investors own 70.70% of the company’s stock.

About Marriott International

Marriott International, Inc is a global hospitality company that operates, franchises, licenses and manages hotels, resorts and other lodging properties. Its portfolio includes full-service, luxury, select-service and extended-stay accommodations, as well as branded residences, timeshare properties and vacation experiences. Marriott also provides food and beverage, meeting and event services through many of its properties.

The company’s brands include Marriott Hotels, The Ritz-Carlton, St.