Share on StockTwits

Starwood Hotels & Resorts Worldwide (NYSE:HOT)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a $87.00 target price on the stock, up from their previous target price of $85.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 8.65% from the company’s current price.

A number of other analysts have also recently weighed in on HOT. Analysts at Zacks upgraded shares of Starwood Hotels & Resorts Worldwide from an “underperform” rating to a “neutral” rating in a research note on Monday, June 9th. They now have a $85.00 price target on the stock. Separately, analysts at Nomura raised their price target on shares of Starwood Hotels & Resorts Worldwide from $91.00 to $95.00 in a research note on Friday, May 30th. Finally, analysts at SunTrust upgraded shares of Starwood Hotels & Resorts Worldwide from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. They now have a $82.00 price target on the stock, up previously from $81.00. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $84.06.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 0.57% on Wednesday, hitting $80.525. The stock had a trading volume of 551,192 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 $78.83 and its 200-day moving average is $77.89. The company has a market cap of $15.461 billion and a price-to-earnings ratio of 27.56.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.83 earnings per share for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.