Starwood Hotels & Resorts Worldwide Price Target Increased to $86.00 by Analysts at Susquehanna (HOT)
Equities research analysts at Susquehanna lifted their target price on shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) from $75.00 to $86.00 in a research note issued to investors on Friday, Analyst Ratings News reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 15.34% from the company’s current price.
In other Starwood Hotels & Resorts Worldwide news, Director Bruce W. Duncan sold 8,557 shares of the stock on the open market in a transaction dated Friday, October 18th. The shares were sold at an average price of $70.00, for a total value of $598,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 1.29% on Friday, hitting $74.56. 2,907,555 shares of the company’s stock traded hands. Starwood Hotels & Resorts Worldwide has a one year low of $50.22 and a one year high of $70.16. The stock has a 50-day moving average of $66.03 and a 200-day moving average of $64.73. The company has a market cap of $14.535 billion and a P/E ratio of 21.73.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.08. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis.
The company also recently declared a annual dividend, which is scheduled for Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.35 per share. This represents a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from Starwood Hotels & Resorts Worldwide’s previous annual dividend of $1.25.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Starwood Hotels & Resorts Worldwide from $72.00 to $82.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels & Resorts Worldwide in a research note to investors on Friday. They now have a $77.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Starwood Hotels & Resorts Worldwide from $72.00 to $82.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.88.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.
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