DBS analyst Geraldine Wong maintains $Marriott International (MAR.US)$ with a hold rating, and maintains the target price at $267.4.
According to TipRanks data, the analyst has a success rate of 52.1% and a total average return of 1.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marriott International (MAR.US)$'s main analysts recently are as follows:
Following Marriott's Q3 report, it's noted that the company experienced a modest deceleration in RevPAR and fee growth, which was largely counterbalanced by the effectiveness of its cost savings initiatives.
Marriott shares experienced a slight decline on Monday following a somewhat softer-than-anticipated third quarter and a reduced forecast for the fourth quarter. This was not unexpected, given the prior reports from peers, which likely explains the tempered market reaction to the earnings miss and the revised guidance. The company's adjusted EBITDA expectations have been raised slightly due to reductions in selling, general, and administrative expenses.
Marriott's third-quarter earnings per share fell short, primarily due to one-time costs, and the guidance for the fourth quarter appeared conservative. On the positive side, the company has delineated cost-saving measures to be implemented by 2025. These initiatives are designed to balance out reduced fee growth projections and present 'tangible' cost reduction possibilities for proprietors.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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