Starwood Hotels & Resorts Worldwide Inc. Reaches New 12-Month High at $70.84 (HOT)
Starwood Hotels & Resorts Worldwide (NYSE:HOT)’s share price reached a new 52-week high during trading on Friday, StockRatingsNetwork reports. The stock traded as high as $70.84 and last traded at $70.79, with a volume of 1,361,685 shares traded. The stock had previously closed at $69.13.
HOT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Starwood Hotels & Resorts Worldwide from $72.00 to $78.00 in a research note to investors on Friday, September 27th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks downgraded shares of Starwood Hotels & Resorts Worldwide from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. They now have a $71.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Starwood Hotels & Resorts Worldwide from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $79.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Starwood Hotels & Resorts Worldwide has an average rating of “Buy” and a consensus target price of $71.23.
Starwood Hotels & Resorts Worldwide has a 52-week low of $50.22 and a 52-week high of $70.16. The stock’s 50-day moving average is $66.78 and its 200-day moving average is $65.67. The company has a market cap of $13.765 billion and a P/E ratio of 20.41.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts expect that Starwood Hotels & Resorts Worldwide will post $2.87 EPS for the current fiscal year.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.
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