Starwood Hotels & Resorts Worldwide Reaches New 52-Week High at $83.44 (HOT)
Starwood Hotels & Resorts Worldwide (NYSE:HOT) shares reached a new 52-week high during mid-day trading on Thursday , Stock Ratings Network.com reports. The company traded as high as $83.44 and last traded at $83.16, with a volume of 1,249,985 shares. The stock had previously closed at $81.82.
HOT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Wednesday, June 18th. They now have a $87.00 price target on the stock, up previously from $85.00. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $84.06.
The stock has a 50-day moving average of $79.69 and a 200-day moving average of $78.44. The company has a market cap of $15.959 billion and a P/E ratio of 28.17.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its earnings results on Thursday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Starwood Hotels & Resorts Worldwide will post $2.83 EPS for the current fiscal year.
In other Starwood Hotels & Resorts Worldwide news, CEO Paasschen Frits D. Van sold 51,435 shares of the stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of $81.01, for a total transaction of $4,166,749.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.
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