Marriott International (NASDAQ:MAR) Updates FY 2024 Earnings Guidance

Marriott International (NASDAQ:MAR) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 9.190-9.270 for the period, compared to the consensus earnings per share estimate of 9.360. The company issued revenue guidance of -. Marriott International also updated its Q4 2024 guidance to 2.310-2.390 EPS.

Analyst Upgrades and Downgrades

MAR has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Evercore ISI raised their price objective on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Bank of America lifted their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Morgan Stanley decreased their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $256.39.

Marriott International Price Performance

NASDAQ MAR opened at $260.57 on Monday. The stock’s 50 day simple moving average is $247.14 and its 200 day simple moving average is $239.13. Marriott International has a one year low of $180.75 and a one year high of $266.58. The firm has a market cap of $73.36 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 6.23 and a beta of 1.58.

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.