Barclays analyst Brandt Montour has revised his outlook on Marriott (MAR, Financial), reducing the price target for the company's shares from $283 to $236. This adjustment comes as part of a broader assessment of the lodging sector's performance ahead of the first quarter earnings reports.
Montour highlighted that the overall expectations for lodging companies are expected to decline due to increasing economic challenges facing the industry. Despite these hurdles, the analyst remains cautiously optimistic about Marriott's financial health, maintaining an Equal Weight rating on the stock.
The revised price target is accompanied by cuts to Revenue Per Available Room (RevPAR) estimates across the sector. Nevertheless, Montour pointed out that Marriott's robust fee models are likely to sustain its profitability even amid these tough market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Marriott International Inc (MAR, Financial) is $277.69 with a high estimate of $330.00 and a low estimate of $205.00. The average target implies an upside of 28.75% from the current price of $215.69. More detailed estimate data can be found on the Marriott International Inc (MAR) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Marriott International Inc's (MAR, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Marriott International Inc (MAR, Financial) in one year is $278.81, suggesting a upside of 29.26% from the current price of $215.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Marriott International Inc (MAR) Summary page.
