Marriott International (NASDAQ:MAR) Now Covered by Erste Group Bank

Analysts at Erste Group Bank began coverage on shares of Marriott International (NASDAQ:MAR) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

A number of other analysts also recently weighed in on MAR. Robert W. Baird dropped their target price on Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Truist Financial raised their target price on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. TD Cowen lifted their price objective on Marriott International from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein set a $412.00 price target on Marriott International in a research note on Monday, June 15th. Finally, Morgan Stanley upped their price objective on Marriott International from $353.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Marriott International has a consensus rating of “Moderate Buy” and an average price target of $385.65.

Marriott International Trading Down 0.4%

Shares of MAR stock traded down $1.54 during trading hours on Thursday, reaching $357.13. The stock had a trading volume of 369,038 shares, compared to its average volume of 1,570,648. Marriott International has a 12 month low of $256.76 and a 12 month high of $410.98. The firm has a market capitalization of $93.13 billion, a PE ratio of 37.03, a PEG ratio of 2.77 and a beta of 1.10. The stock’s fifty day simple moving average is $368.15 and its 200 day simple moving average is $358.85.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.11. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.65 EPS. 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. As a group, equities research analysts anticipate that Marriott International will post 11.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Marriott International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of Marriott International in the 1st quarter valued at approximately $25,000. Wilkerson Advisory Group LLC raised its position in shares of Marriott International by 127.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares in the last quarter. IMG Wealth Management Inc. lifted its stake in Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 41 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in Marriott International in the fourth quarter valued at approximately $27,000. Finally, McMillan Office Inc. acquired a new stake in Marriott International during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

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.