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Starwood Hotels & Resorts Worldwide (NYSE:HOT) was upgraded by analysts at Citigroup Inc. from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $86.00 price objective on the stock, down from their previous price objective of $96.00. Citigroup Inc.’s price target points to a potential upside of 2.19% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at MLV & Co
upgraded shares of Starwood Hotels & Resorts Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $96.00 price target on the stock, up previously from $86.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Wednesday. They now have a $90.00 price target on the stock, up previously from $85.00. Finally, 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Starwood Hotels & Resorts Worldwide presently has a consensus rating of “Buy” and a consensus target price of $85.53.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) opened at 83.64 on Thursday. Starwood Hotels & Resorts Worldwide has a 1-year low of $62.40 and a 1-year high of $84.24. The stock’s 50-day moving average is $80.30 and its 200-day moving average is $78.63. The company has a market cap of $16.059 billion and a price-to-earnings ratio of 28.97.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last posted its quarterly 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, July 3rd. The shares were sold at an average price of $82.00, for a total transaction of $4,217,670.00. 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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