Starwood Hotels & Resorts Worldwide Price Target Increased to $90.00 by Analysts at Stifel Nicolaus (HOT)
Analysts at Stifel Nicolaus lifted their price target on shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) from $80.00 to $90.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.28% from the company’s current price.
Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) opened at 79.45 on Thursday. Starwood Hotels & Resorts Worldwide has a one year low of $57.76 and a one year high of $79.77. The stock’s 50-day moving average is $75.42 and its 200-day moving average is $69.24. The company has a market cap of $15.216 billion and a price-to-earnings ratio of 23.78.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis.
A number of other analysts have also recently weighed in on HOT. Analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels & Resorts Worldwide in a research note to investors on Friday, December 20th. They now have a $82.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Starwood Hotels & Resorts Worldwide from $85.00 to $92.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Starwood Hotels & Resorts Worldwide from $75.00 to $88.00 in a research note to investors on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.12.
In other Starwood Hotels & Resorts Worldwide news, Director Bruce Duncan unloaded 25,000 shares of Starwood Hotels & Resorts Worldwide stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $79.67, for a total transaction of $1,991,750.00. Following the completion of the sale, the director now directly owns 27,491 shares of the company’s stock, valued at approximately $2,190,208. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.
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