Marriott International (NASDAQ:MAR) Price Target Raised to $345.00

Marriott International (NASDAQ:MAR) had its price target raised by equities researchers at Citigroup from $285.00 to $345.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 6.06% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Morgan Stanley reduced their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Wells Fargo & Company started coverage on Marriott International in a report on Tuesday, November 18th. They set an “overweight” rating and a $329.00 target price for the company. Barclays upped their price target on shares of Marriott International from $274.00 to $276.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Sanford C. Bernstein boosted their price objective on shares of Marriott International from $329.00 to $369.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $309.06.

Marriott International Trading Up 1.8%

NASDAQ:MAR traded up $5.60 on Thursday, hitting $325.28. The company’s stock had a trading volume of 665,696 shares, compared to its average volume of 1,358,151. Marriott International has a one year low of $205.40 and a one year high of $331.09. The stock has a fifty day moving average of $303.36 and a two-hundred day moving average of $280.45. The firm has a market capitalization of $87.29 billion, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.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, sell-side analysts anticipate that Marriott International will post 10.1 EPS for the current year.

Insider Activity at Marriott International

In related news, insider Deborah Marriott Harrison sold 70,000 shares of the company’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 represents a 28.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 1,650 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $286.10, for a total transaction of $472,065.00. Following the transaction, the executive vice president owned 18,225 shares of the company’s stock, valued at approximately $5,214,172.50. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 88,289 shares of company stock valued at $25,669,425 over the last ninety days. Insiders own 10.68% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Institutional investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in Marriott International in the 3rd quarter valued at about $28,000. AlphaQuest LLC increased its stake in Marriott International by 2,750.0% during the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Addison Advisors LLC acquired a new position in Marriott International during the second quarter worth $34,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the second quarter valued at $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Marriott International during the second quarter worth about $38,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.