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Equities researchers at MLV & Co. decreased their price objective on shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) from $81.00 to $78.00 in a research report issued on Friday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. MLV & Co.‘s target price would suggest a potential upside of 4.00% from the company’s current price.

A number of other analysts have also recently weighed in on HOT. Analysts at Zacks downgraded shares of Starwood Hotels & Resorts Worldwide from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 13th. They now have a $73.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Tuesday, March 4th. Finally, analysts at UBS AG downgraded shares of Starwood Hotels & Resorts Worldwide from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. They now have a $82.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $80.48.

Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded down 1.55% on Friday, hitting $75.00. The stock had a trading volume of 1,957,745 shares. Starwood Hotels & Resorts Worldwide has a 52-week low of $60.46 and a 52-week high of $82.81. The stock’s 50-day moving average is $77.90 and its 200-day moving average is $76.15. The company has a market cap of $14.394 billion and a P/E ratio of 23.20.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its earnings results on Thursday, April 24th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.07. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.76 earnings per share. Starwood Hotels & Resorts Worldwide’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.78 earnings per share for the current fiscal year.

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

To view MLV & Co.’s full report, visit MLV & Co.’s official website.

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