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FBR Capital Markets upped their price objective on shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) to $81.00 in a research note issued on Friday, American Banking & Market News reports. FBR Capital Markets’ price target indicates a potential upside of 3.03% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of Starwood Hotels & Resorts Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $85.00 price target on the stock, up previously from $75.00. Separately, analysts at Barclays raised their price target on shares of Starwood Hotels & Resorts Worldwide from $70.00 to $82.00 in a research note on Tuesday, January 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Starwood Hotels & Resorts Worldwide from $80.00 to $90.00 in a research note on Thursday, January 2nd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. Starwood Hotels & Resorts Worldwide has a consensus rating of “Buy” and an average target price of $79.74.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 4.33% during mid-day trading on Friday, hitting $78.62. The stock had a trading volume of 2,650,595 shares. Starwood Hotels & Resorts Worldwide has a one year low of $58.26 and a one year high of $81.39. The stock’s 50-day moving average is $77.28 and its 200-day moving average is $71.79. The company has a market cap of $15.057 billion and a price-to-earnings ratio of 22.63.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.70 earnings per share. Starwood Hotels & Resorts Worldwide’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.96 earnings per share for the current fiscal year.

Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.

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